Official statement by Milan before UEFA’s ruling

Official statement by Milan before UEFA’s ruling

Through its Twitter profile, AC Milan wanted to remind everything that has been done during the first year of the Chinese management: “Awaiting for UEFA’s ruling, we want to share some substantial facts with you all. We expect fairness, judgments, based on the facts that are the same for everyone. Last April Milan was struggling (and suffering) for a place in Europa League, conquered on the last day of Serie A, since then we have…

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New owner: out Fassone & Mirabelli, in two Milan legends

New owner: out Fassone & Mirabelli, in two Milan legends

AC Milan’s upcoming change of ownership is expected to be followed with a dramatic change in management. Out Fassone and Mirabelli, in two Red and Black legends. A future all to be written for the Rossonero club, object in these days of a another round of negotiation for its sale. Just over a year after the Fininvest-Yonghong Li closing, there may soon be another change of ownership. Ongoing negotiations in New York with two American…

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Gazzetta: Here’s who Mr. Milan is

Gazzetta: Here’s who Mr. Milan is

AC Milan is expected to change change owner again after just one year. Chinese businessman Yonghong Li is negotiating the sale of the club with two American subjects. The current edition of La Gazzetta dello Sport, opens with the big headline “Here’s who Mr. Milan is” devoting ample space to AC Milan corporate issues adding “Rocco Commisso, the Calabrian owner of New York Cosmos, is negotiating with Mr. Li to join the Rossoneri club“. The…

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REVEALED – The American businessman in advantage to buy AC Milan club

REVEALED – The American businessman in advantage to buy AC Milan club

Several Italian sources confirm the name of the American businessman who is in advantage over the Ricketts family to buy AC Milan club from Yonghong Li. Rocco B. Commisso could be the future new owner of the Rossoneri club. According to the latest reports by Premium Sport the 68-year-old Italian-American would be the figure assisted by Goldman Sachs who in recent weeks are negotiating to buy shares in AC Milan on behalf of an ‘unknown’ businessman….

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David Beckham reveals what it’s like to play for AC Milan

David Beckham reveals what it’s like to play for AC Milan

Worldwide superstar David Beckham played with AC Milan for two half seasons on loan but he never forgot what it was like to wear the Red and Black jersey. Manchester United and England legend David Beckham was part of AC Milan for two seasons between 2009 and 2010. Even though he stay at San Siro for a short period of time on loan that experience has left a huge impact on the talented right midfielder….

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How rich is the Ricketts Family?

How rich is the Ricketts Family?

AC Milan president Yonghong Li is negotiating the sale of the club to the Ricketts Family. Here’s everything you need to know about our soon-to-be new owners. According to Forbes, the Ricketts family, headed by Joseph Joe, is the sixty-sixth richest family in America with an estimated $ 2.4 billion worth of assets. The head of the family founded the online brokerage firm Amitrade in 1995. In 2006 he bought the TD Waterhouse for 1.7…

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Yonghong Li out: three scenarios for the future of AC Milan

Yonghong Li out: three scenarios for the future of AC Milan

Sensational flop by Yonghong Li, AC Milan president has not paid 32 million euros of capital increase. Elliot fund will now pay the entire sum and possibly become new owner of the club. President Yonghong Li has failed to provide the necessary 32 million euros. The Chinese businessman had time util 17:00 today to complete the payment but he failed to meet the deadline. Now it’s up to Elliot to inject the 32 million and…

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Ricketts family confirm interest in buying AC Milan

Ricketts family confirm interest in buying AC Milan

In recent days we had reported that American businessman Thomas Ricketts was considering buying AC Milan club from Yonghong Li. The owner of Chicago Cub, together with his family, are apparently in advanced negotiations and a deal is close to being complete.  The Ricketts Family confirmed everything through an email for Andrea Montanari: “The Ricketts Family (not just Tom) are interested in buying a majority stakehold of AC Milan. The entire family are involved similar to their ownership with the Chicago Cubs. The Ricketts family won a championship with the Cubs thanks to…

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Yonghong Li fails to pay €32 m, Elliott to take over

Yonghong Li fails to pay €32 m, Elliott to take over

President Yonghong Li is about to lose the ownership of the club having failed to pay 32 million euros of capital increase. Yonghong Li, president and owner of AC Milan club, has failed to pay 32 million euros of capital increase. The Chinese businessman had time till 17:00 today to send a check but MilanNews.it confirms that the money transfer has not happened. Now CEO Marco Fassone will send a request to Elliot Fund to make the 32…

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CorSera: Han Li in USA to close the sale of Milan

CorSera: Han Li in USA to close the sale of Milan

It’s a crucial day for the future of AC Milan. The club is vary close to changing ownership with Han Li in USA to close the operation. Until 17:00 today, president Yonghong Li must deposit 32 million euros necessary to complete the capital increase. Otherwise CEO Marco Fassone will automatically request the intervention of Elliot. In this case the American fund will become the new owner of AC Milan club, something that the Chinese are trying…

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