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Now it’s official: AC Milan passes from the hands of Yonghong Li to those of Elliott. After just 15 months, the Chinese era is over, now begins that of the American fund that last night at 11.15pm, through a press release, announced that it is the new owner of the Rossoneri and has a long-term project for the club. “Ownership and control of the holding company that owns AC Milan has today been transferred to…

AC Milan’s new signing Alen Halilovic was hailed by many the the successor of Luka Modric but his career has suffered a disappointing trajectory in recent years. The Croatian 22 year old attacking midfielder is the new signing of AC Milan. The former wonderkid of Dinamo Zagreb joins the Rossoneri on a free transfer after some short spells between Spain and Germany. The once destined for greatness prospect of Barcelona will try to revive his career…

AC Milan’s club manager Christian Abbiati has decided to leave the Rossoneri after just one year as part of the staff. Unexpected news coming directly from Milanello. Former AC Milan goalkeeper Christian Abbiati has resigned from his duty as club manager of the Rossoneri reports today Il Corriere della Sera. The 41 year old who was part of the Red and Blacks for 18 seasons joined the management staff of the club only last summer and has decided…

With Yonghong Li out of the picture Elliot has already started to make changes at the club by sacking the entire board of the Rossoneri company. President Yonghong Li tried until the last moment to reach an agreement for the sale of Milan but apparently his attempts to close a last-minute deal with Russian billionaire Rybolovlev failed. Elliot will take total control of the club this week. As reported by MilanNews.it, Elliott has initiated the…

In the last few days AC Milan president has been in negotiation with a mysterious subject over the sale of the club. The Chinese businessman has time until today to present Elliot an offer of 415 million euros or else the American fund becomes the new owner of the club. Today’s edition of La Repubblica reveals that the ”Mister X” that Yonghong Li is negotiating with is Dmitry Rybolovlev, the Russian owner of Monaco, and…

The transfer market activity of AC Milan is frozen, awaiting news on the corporate front and the final verdict of CAS Tribunal, which could overturn or confirm the UEFA’s ruling on Europa League participation for next season. The only option for the Rossoneri until then is to sell someone. Tuttosport reports today that the players who, departing, could unlock the incoming mercato of the club are Gianluigi Donnarumma, Mateo Musacchio, Ricardo Rodruguez, Jesus Suso, Nikola…

Due to unexpected issues on the corporate front AC Milan’s transfer market activity is frozen at the moment. Despite the arrivals of Pepe Reina, Ivan Strinic and Alen Halilovic, Massimiliano Mirabelli can not make any other purchases before the ownership rebus is solved. La Gazzetta dello Sport reports today the latest on the transfer market strategy of the Rossoneri, who will meet tomorrow at Milanello to kick off the new season under the guidance of…

After Yonghong Li’s failed payment of the now well-known 32 million euros of capital increase, Elliott began the procedures to execute the pledge on 99.97% of AC Milan’s shares. However, as reported by Tuttosport, the US fund does not aim to hold the club for long. It is plausible, reports Tuttosport, that contacts have already initiated for the sale of the club to the interested American subjects (Rocco B. Commisso, the Ricketts family and Stephen…

Yonghong Li’s decision not to repay Elliot fund the 32 million euros of capital increase could prove to cost him hundreds of millions at the end. After concluding the necessary legal procedures and obtaining the full ownership of the club, Elliott will immediately begin the sale process. The American fund will protect its investment if necessary and is willing to deposit 150 million euros to guarantee the business continuity of the club before greenlighting the…

Bank transfer not received, Elliott ready to take over from Yonghong Li. And this is just the essence of yesterday’s events of the last 24 hours. The US fund declared it had not received a refund for the 32 million euros from the Rossoneri president and that immediately after midnight it had started the procedures to take control of the club. Now everyone is expecting an official communication on the club’s future and by the…