The recent negative rumors about president Yonghong Li suggest that a new change of ownership can take place in a very short time with Elliot already on the move. According to the latest reports by Il Giorno, the America fund Elliott Management Corporation is already on the move to find a buyer for the eventual resale of the Rossoneri club. The hedge fund of Paul Singer practically controls 99.93% of Milan stock after lending 303…
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Italian lawyer and AC Milan minority shareholder Giuseppe La Scala was interviewed by PianetaMilan.it about the current Rossoneri situation, here is what he had to say on the matter: “Capital increase? Yes we took it well, now let’s see what will happen. President Yonghong Li? Well I don’t know let’s see. If the money isn’t there, they will be forced to find new solutions. Everything will be clear more within two months from now. I am happy that the club is speeding things…
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The Milano prosecutor’s office has opened an investigation into the sale of AC Milan club from Silvio Berlusconi to Li Yonghong last April. There is no peace for Yonghong Li. As reported by La Gazzetta dello Sport, the deputy prosecutor of Milano, Fabio De Pasquale, has taken over the report (written by the legal department of Fininvest) that explains, point by point, the negotiation process that led to the passage of AC Milan in the…
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AC Milan sports director Massimiliano Mirabelli has been very active on the free agent market already securing three players for next season. According to Tuttosport, AC Milan are signing many players on a free transfer this days because the club still doesn’t have an exact budget for the summer transfer window. The figure will largely depend on how the April meeting with the UEFA will go regarding the Settlement Agreement and the debt refinancing issue with Elliott. Another…
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Gennaro Gattuso is about to renew his contract with AC Milan after Marco Fassone and Massimiliano Mirabelli had already announced their wish to confirm Rino on the bench. Sky Sports confirms that this will be the decisive week for the signing of the new contract between the Calabrian coach and AC Milan. The new agreement will last three years (until June 2021), reflecting the club’s desire to open a new winning cycle with Gattuso. The final…
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Yonghong Li is enjoying a turbulent time as president of AC Milan but things could have been different if Berlusconi had accepted the offer of Bee Taechaubol. Remember Bee Taechaubol, the Thai broker who disappeared from the radar in December 2015 after having negotiated the purchase of AC Milan club for over a year? Well, according to what La Gazzetta dello Sport reports, Mr. Bee was back on stage a few days before the closing with…
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AC Milan’s striker Patrick Cutrone has surprised everyone with his astonishing progress this year and the boy has no intention of stopping. Patrick Cutrone is living the dream. The 20 year old striker, within one season, went from playing with the Primavera to top scorer of AC Milan’s first team. A remarkable progress for a player who seems destined for glory. On Friday night, Cutrone made his debut with the Italian national team, establishing a curious…
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While coach Gattuso and his players fight for a Champions League place, Marco Fassone and Yonghong Li fight for the ownership of the club. The AC Milan-world is anxious, given the continuous worrisome rumors related to the economic situation of president Yonghong Li. However, as highlighted by La Gazzetta dello Sport this morning, it is fair to point out that the Rossoneri club does not risk bankruptcy, as some have written in recent weeks. The…
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Yonghong Li’s financial solidity and continuity as AC Milan president is in serious doubt with many interested subjects ready to take over. The Chinese businessman is dealing with many obstacles in his homeland and the bankruptcy of “Jie Ande”, one of his biggest companies, has made matters worst. If in early April Mr. Li has not deposited 10 million euros (35 till the end of the season) the club needs then the red and blacks pass…
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Tuttosport reports that Dmitriy Rybolovlev, president and owner of Monaco, is weighing up the possibility launching a takeover bid for AC Milan. The rumors related to a possible new sale of the club don’t seem to spot. According to reports by Tuttosport, several international entrepreneurs are ready to help Mr. Li or even to take over his shares. Recently there have been talks about the interest of the Arab emir Al-Falasi and above all of the Russian…
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