[Rossoneri7]

Hey guys, hope you all are enjoying your summer and world cup (IMG:style_emoticons/default/smile.gif)

While Milan are set to enter their final arugment to UEFA, in order to salvage the least of damages from it's FFP breach. The outcome of which is this weekend. News on FI

On Milan players in the WC that I would like to see go, definitely Kalinic.

[Fillipo Simone]

Kalinic isn't on the WC (IMG:style_emoticons/default/tongue.gif) (IMG:style_emoticons/default/tongue.gif)

[X-Offender]

Because he refused to enter last night. What an idiot. First by Gattuso, now in the WC. One of the worst buys we've made in the last 10 years given the money we spent on him.

This post has been edited by X-Offender: Jun 18 2018, 09:53 PM

[han2503]

Looks like we're heading to America!

The Ricketts (owners of the Cubs) have confirmed that they are in advanced negotiations to acquire a majority share in the club

There is hope yet! Apparently, Li did not make the capital increase of 35m required by the deadline either so Elliot might step in.

The mess Silvio left us in is truly despicable. And for him to go out straight faced and say he sold it to the best buyer for the club. He just wanted his inflated fee to get Fininvest out of hot water and nothing else

[X-Offender]

Hopefully something happens. We're in a catastrophic situation at the moment.

[han2503]

Hopefully something happens. We're in a catastrophic situation at the moment.

I think at this point it's pretty much a surety.

I might be pretty simple when it comes to finances and business, but can someone please explain to me what the point was for someone like Yonghong Li to acquire the club at an inflated value on high rate loans and barely be able to keep hold of it for less than a year?

Anyways, the Rickett family confirming themselves the deal is in advanced stages seems to be a confirmation that it will happen, or I'd imagine that they wouldn't announce anything at all if they were not confident of the deal going through

Let's see, they've done great things for the Cubs, or so I've been reading, I don't follow baseball at all but it seems they've done a great job for that franchise.

Free spending in football similar to what PSG and City did is no longer possible, we're running a serious risk of being banned from Europe next season plus a hefty fine. This club needs to be run properly and these guys seem to know how to do that

[Rossoneri7]

Our problem with UEFA resides in our revenues. We spend but can't keep up.

Li's problem is that China barred movement of big funds from it's banks abroad. Hence Li seems unable.

Silvio sold the club when Serie A was already in a decline. Any new owner would be faced with challenges. Namely to increase Revenue.

Whoever ends up with majority stake at Milan will be faced with challenges. It is a good thing Gattuso is the coach otherwise we'd have bigger problems in the squad.

This post has been edited by Rossoneri7: Jun 23 2018, 04:28 PM

[han2503]

Our problem with UEFA resides in our revenues. We spend but can't keep up.

Li's problem is that China barred movement of big funds from it's banks abroad. Hence Li seems unable.

Silvio sold the club when Serie A was already in a decline. Any new owner would be faced with challenges. Namely to increase Revenue.

Whoever ends up with majority stake at Milan will be faced with challenges. It is a good thing Gattuso is the coach otherwise we'd have bigger problems in the squad.

But other clubs in the league, namely Roma and Inter have had the same issues with revenues, Inter are still having trouble now, it's why they haven't announced any signings, they're waiting for the fiscal year to end and then they can spend, still within limits. UEFA's problem with us is more to do with the fact that our ownership is shrouded in mystery, no one knows who this Li guy is or where the money is coming from and that is what will condemn us in the UEFA ruling

As for China barring money going out of the country, this was a known issue even before the deal was done, so my question still remains, why purchase a club and then sell it before the year is even up?

True, but look at Juve, Roma and Inter now as well, Juve are the very obvious exception due to their stadium, but the fact that they go deep into the CL each year helps even more than that, especially since before last season with Roma, they were the only Italian team going deep into the competition so they get Italy's entire share of the loot.

I'm not saying there aren't challenged with owning a club in the Serie A these days, for sure there are, and it's much more lucrative to buy a PL club, but if a smart business plan is put in place, you can still thrive. Juve have been doing it for years and Roma are definitely being run well by their American owners. Suning is also turning the tide at Inter. Our problems have been festering for years with Galliani having the run of the place and being allowed to make shady deals with agents and club owners within his circle and now this lot we have now, Fassone talks the talk but I don't think he's the right man for the job and Mirabelli is obviously completely out of his depth as a sporting director for a club who absolutely needs to get back into the CL on a regular basis

[X-Offender]

Mediaset says Commisso, owner of the NY Comos, has an advantage over the others to become the new shareholder.

[han2503]

Mediaset says Commisso, owner of the NY Comos, has an advantage over the others to become the new shareholder.

Looks like talks have broken down as Li wants to insight a bidding war.

Honeslty do not understand why someone who risks losing everything would pull out of a deal like the one that was being reported. Absolute bonkers stuff.


And it's official as well, we're banned from Europe for next season, and the following season, should we qualify, would depend on our finances as we could be banned then as well. This would literally make our season useless next year as there is no goal for us if Europe is off the table. A total disaster for this club at this crucial point. UEFA should be ashamed as well. It's high time the big clubs really start discussing that Super League. How a corrupt entity could punish certain clubs and not others. If clubs like Real pull out of their competition it's over for them, and imo this is what needs to happen


Honestly, there couldn't be a worse day for us. This club is in free fall. The management is absolutely clueless, our brand name is suffering serious and irreparable damage. Silvio literally sold us down the river.


I've lost hope for the mercato and for next season. Inter are signing players like Radja and we're sitting out in the cold, getting banned from Europe, disaster in the ownership department and have literally no transfer prospects aside from probably losing our best players that is

[X-Offender]

It's a disaster. A complete, utter disaster.

[Rossoneri7]

At least Milan is rid of Galliani (IMG:style_emoticons/default/96.gif)

But in all seriousness, yes this is serious. Galliani maintained a team that was within FFP reality for Milan and as such had ring-fenced its balance sheet. However Li’s takeover, which involved heavy leverage, started out with a splash of 200M on new players with substantial increase in wages (Donna and Bonucci come to mind). This brought the camera lights flashing. Not for long now, creditor is coming knocking. Eliott could sell Milan as a whole or player by player and asset by asset till it recovers 380M.

Any new investor or group of investors could provide us with comfort at this point. Just that we’d be kicking the can down the road again for the same problem arising at the end of next season. Why? Because Milan’s revenue is give or take the same. Without CL money, BIG sponsorship and increase in TV income, Milan’s revenue is not going anywhere.

Milan’s €191.7m in revenue taken in during the 2016-17 season; compare that to PSG’s €486M, Madrid’s €675M, United’s €581M, Chelsea’s €368M, City’s €473M, ... (Milan’s highest ever revenue in the history of all of Milan was a staggering €234M in the 2004-5 season.) oh yeah, and dont forget we wont have UEFA income from TV for next season so revenue is lower by default heading into 2018.

To put things into prespective; Significant revenue increases in other leagues – namely the English Premier League – have seen a slew of clubs jump ahead of Milan. In fact, all Premier League clubs have seen revenues increase by some 70% since the implementation of the new Sky/BT domestic television deal in 2016-17. While Spain has its exclusivity for their stellar sides.

Italian clubs simply can’t keep pace. Serie A is not due another TV deal until 2021 and its current value is less than half that of the Premier League. (I know I know, Juventus, Napoli, inter, Roma, etc etc ... they definitely have better management and stable ownership; wasnt the case always, Juve were demoted and reatructured plus new stadium, Napoli came back from oblivion in SerieB/C with stability and gradual improvement over years, Roma during Banks intervension to sell club from Sensi to Americans wasnt smooth, Moratti’s sale of inter was not smooth, they went through three owners in a couple of seasons.)

In closing, Milan cant qualify for CL unless it breaks FFP rules, which means exclusion and around we go (IMG:style_emoticons/default/king.gif)

[TriniKing_CE]

Read this sometime last week

Li has an October deadline to repay the €380m he owes Elliot Management, but it has been said that the American investment firm would own 100 per cent of the club should he fail to come up with the money in time. There is also a July deadline to repay a separate €32m to Elliot.

The initial value of the Elliot loan was €303m, inflated by interest, meaning the company would own Milan having paid out just a fraction of what the club was bought for two years ago. That has led some to suggest they are pulling the strings and told Li to reject the Commisso deal.

In theory, Elliot could go on to make an enormous profit by reselling Milan at market value.

Source:
https://www.90min.com/posts/6101578-ac-mila...ms-of-500m-deal

This post has been edited by TriniKing_CE: Jul 4 2018, 01:56 PM

[Fillipo Simone]

So, is there any hope?

[Rossoneri7]

So, is there any hope?

Today is the last day, 6th i believe, no 30M, Elliot begin proceedings to take over Milan. Then sell at a price north of eur400M. This last offer was 500M iirc.

Is there hope that someone out there will buy for less than Li’s asking; ie Elliott if li defaults will effectively buy the club for 380M, if Commoso bought from Elliot at 500M (150M to transfer market) then Elliot will make a better return than allowing Li to sell to another.

Things should start unfolding today.