AC Milan 2017/18
- Thread starter Infordin
- Start date
If Yonghong Li defaults on his loans(to be paid by October), Elliott can take over the club, and the hedge fund would sell Milan for €400-500m. There is an American consortium interested, the group is headed by Stephen Ross, with the backing of banking giant Goldman Sachs. This fella owns 95 per cent of NFL franchise the Miami Dolphins, and is worth around $12bn.
UEFA’s financial investigators have recommended kicking Milan out of the Europa League for FFP violations. Exclusion would be the worst case scenario, but other options include fines, squad limitations and a block on new transfers. If Milan are excluded, it would bump Atalanta into the group stage directly and allow Fiorentina to enter the preliminary rounds instead.
Milan's new Puma kits, after they cut ties with Adidas last October -
Still looks like their Adidas kits?!
Elliott Management will begin repossessing Milan, as Yonghong Li has missed the deadline of midnight Italian time to repay the €32m. If he can reach an agreement with a new buyer and bring the full €415m outstanding to Elliott by Monday, the hedge fund could leave the club in the hands of a different majority shareholder. The extra €32m from the capital increase was provided as an emergency cover when Li missed a deadline in June, that takes the total sum he owes to the hedge fund to €415m.
This whole situation keeps worsening with each development. Very dark times coming up ahead for Milan fans
This whole situation keeps worsening with each development. Very dark times coming up ahead for Milan fans
Sporting Director Mirabelli was fired today, after buying 11 players in the past year and spending more than 200m. Leonardo is supposed to join as the technical director in coming days and he's already working behind the scenes on bringing several players to Milan, and perhaps also replacing Gattuso with Antonio Conte.
The city council of Milan announced today than San Siro will be undergoing extraordinary renovations which are to be completed by 2020.
Beautiful! I love the San Siro and if there's any chance for renovations to be done there so Milano remain there, then I'm all for it!
Elliott Management will begin repossessing Milan, as Yonghong Li has missed the deadline of midnight Italian time to repay the €32m. If he can reach an agreement with a new buyer and bring the full €415m outstanding to Elliott by Monday, the hedge fund could leave the club in the hands of a different majority shareholder. The extra €32m from the capital increase was provided as an emergency cover when Li missed a deadline in June, that takes the total sum he owes to the hedge fund to €415m.
This whole situation keeps worsening with each development. Very dark times coming up ahead for Milan fans
I'm a little late to this story but know Elliott Management well as I work in finance - has this ever happened before, where a major US hedge fund has taken control of one fot he big European team? I'm intrigued to see how this plays out and if a turnaround can happen.
Not a big team, but KKR is invested in Bundesliga side Hertha BSC in Berlin, Germany.
It's an interesting angle - would have thought it extremely high risk although AC have the heritage/fan base to be lucrative if they have some success you feel. Unsure about Hertha!
Would be a an excellent idea if you could 'loan to own' a team in the PL however with the broadcasting money.
Milan have signed Uruguay LB Diego Laxalt from Genoa for a fee of 18m. Carlos Bacca has joined Villareal on a permanent basis, as a part of a player exchange which sees Samu Castillejo join Milan.
Not exactly inspiring signing Castillejo. His numbers aren't very good. Not a productive player. Last thing Milan need is guys just making up numbers.
They will be very good this year. They had one glaring weakness last season which compromised everything. And now they turned weakness into their best player