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milanist
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Re: Finances

16 Dec 2017, 12:44

Planned revenue:

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milanist
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Re: Finances

20 Dec 2017, 08:06

Fassone: 'UEFA politically against Milan'

Marco Fassone insists UEFA rejected Milan Financial Fair Play proposals as a “political decision” and defended Yonghong Li’s refusal to give details.

The Rossoneri CEO spoke at a book launch and you can read the rest of his comments here.

While there are problems on the field with a 3-0 defeat to Verona, there have also been issues off it, with UEFA rejecting the proposed Voluntary Agreement for Financial Fair Play terms.

UEFA specifically cited a lack of guarantees on the loan from Elliot Management and status of owner Yonghong Li’s fortune.

“I think the decision was, with all due respect for those who made it, political in nature,” insisted Fassone. “There is a new President of UEFA who considers sanctions to be the right path forward.

“The Voluntary Agreement is an idea introduced before he came along and nobody before us had even tried it before. A club like ours and a few others that made such big investments are probably not seen in a positive light.

“There will be sanctions for having burst the Financial Fair Play limitations over the last three years and we weren’t even there at the time.

“This decision does leave a bitter taste in the mouth. It’s a shame that the version put across in the media is that our plans were rejected, because that is not the case. Our plans do exist, they are clear and detailed.”

Much has been written about Yonghong Li, as he doesn’t appear on the list of richest men in China and investigations by the likes of the New York Times, Bloomberg and Il Sole 24 Ore newspaper found little evidence of his assets.

“I don’t think we can change the reserved nature of Yonghong Li,” continued Fassone.

“I asked David (Han Li) to hold a meeting with all my managers so he could explain their intentions and the desire not to take the spotlight.

“They are very resistant to the idea of saying things that would greatly help us Italians to understand the situation, as we are accustomed to things being done differently.

“They have a different philosophy to ours and every now and then it puts me in a difficult spot, because I am then forced to speak on their behalf.”

https://www.football-italia.net/114546/ ... inst-milan
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milanist
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Re: Finances

22 Dec 2017, 11:05

Report: Milan face €20m fine

Milan are reportedly facing a €20m fine from UEFA as part of their settlement agreement to satisfy Financial Fair Play (FFP).

According to Leggo, a €5m penalty is ‘definite’, while €15m is conditional on Milan “achieving certain economic results.”

It comes after the Rossoneri failed to negotiate a voluntary agreement with UEFA after it had doubts about the club’s ability to repay a €300m loan by next October.

https://www.football-italia.net/114660/ ... e-20m-fine


:fp:
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milanist
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Re: Finances

29 Dec 2017, 00:51

Player salaries:

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milanist
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Re: Finances

02 Jan 2018, 22:17

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milanist
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Re: Finances

25 Jan 2018, 14:34

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Jasper
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Re: Finances

26 Jan 2018, 05:13

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Only Maldini can judge me
 
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milanist
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Re: Finances

26 Jan 2018, 08:27

Jasper wrote:

Yeah, that China market doesn’t seem to be working for us (yet).
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naraku
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Re: Finances

26 Jan 2018, 10:14

milanist wrote:
Yeah, that China market doesn’t seem to be working for us (yet).



Have to start winning consistently for help from China of course.
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milanist
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Re: Finances

13 Feb 2018, 15:13

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milanist
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Re: Finances

15 Feb 2018, 15:43

Milan work for refinancing deal

It’s reported Milan are working on a €250m refinancing deal with Elliott Management, separating Yonghong Li’s debt.

The Chinese owner got a €123m loan from Elliott, an American hedge fund, to take over the Rossoneri and that must be repaid by October.

As a result the Diavolo have been looking to take out another loan to repay the hedge fund, but the unclear status of Li has made it difficult to find a lender.

Now Tuttosport is reporting that Milan are working with Merrill Lynch on a €250m refinancing deal, double the original loan.

However, this would separate Li’s €180m debt from the club, reducing his exposure and making the deal easier.

That would also give the Rossoneri more time to pay the debt, as they’re likely to make a loss again this season.

https://www.football-italia.net/117214/ ... ncing-deal
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milanist
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Re: Finances

17 Feb 2018, 23:59

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milanist
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Re: Finances

21 Mar 2018, 07:58

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milanist
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Re: Finances

22 Mar 2018, 20:42

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naraku
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Re: Finances

23 Mar 2018, 10:21

Yonghong Li does not give up and is ready to pay the first 10 mln of the new capital increase -Corriere della Sera
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