For the modern Milanista

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Jasper
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Re: Finances

17 Nov 2017, 12:24



not commented on today's paper review: https://www.acmilan.com/it/news/rassegn ... 7-novembre (waiting for tomorrow)
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LemonCookies
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Re: Finances

17 Nov 2017, 23:57

Jasper wrote:


not commented on today's paper review: https://www.acmilan.com/it/news/rassegn ... 7-novembre (waiting for tomorrow)


How'd he get in there? "Here, random bum ass journalist, come on in and look at our place!" I call bullshit.
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Jasper
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Re: Finances

18 Nov 2017, 07:38

LemonCookies wrote:
How'd he get in there? "Here, random bum ass journalist, come on in and look at our place!" I call bullshit.

:lol: They were evicted.
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milanist
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Re: Finances

21 Nov 2017, 12:39

Report: UEFA to reject Milan’s FFP deal

This morning’s Marca is reporting that UEFA are completely unconvinced by the plans, as all the investments have been made based on the sporting success of the Rossoneri.

Given that they’re already 11 points away from the Champions League places, that isn’t seen as being a sensible plan to become profitable.

If UEFA do reject the plans they will have to come up with a new arrangement and possible sanctions for Milan, which could include being barred from European competition.

While this is still unconfirmed it adds to troubling rumours around the club, with the New York Times reporting last week that Yonghong Li is unknown in China, and may not own the mining company which is said to be behind his wealth.

http://www.football-italia.net/113115/r ... s-ffp-deal
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milanist
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Re: Finances

01 Dec 2017, 07:39

Milan takeover 'not transparent'

The Corriere della Sera and La7 claim Yonghong Li’s purchase of Milan was “absolutely not transparent, reaching a level that has never been seen before.”

The takeover from Silvio Berlusconi has been analysed by multiple financial experts around the world in recent weeks, including the New York Times and Forbes magazine.

“We have a name, Yonghong Li, but in reality we don’t know if he is the owner of Milan,” said Mario Gerevini of the Corriere della Sera newspaper during an investigative report on La7 show Piazzapulita.

The problems all stem from the €300m loan taken with hedge fund Elliott Management, which was necessary to complete the takeover.

“If you buy a club worth €720m including €220m of debt, and have to take a loan at a rate of 11 per cent, it means you don’t have the money.

“If someone loans you money at 11 per cent, it means you are considered a high-risk case. In fact, Yonghong Li didn’t manage to get the money from the usual channels, like international banks. He had to knock at the door of a hedge fund.

“The money arrived via a series of tours around financial safe havens, loans, guarantees and was absolutely not a transparent operation.

“There are often purchases of clubs that are not particularly transparent, but Milan have reached a new level that had never been seen before.

“Milan is a club that is burning up €50-70m per year. If you start out running at a debt, it’s difficult for you to pay back a loan.”

The Rossoneri patron is currently negotiating a refinancing package, allowing the club to pay back the Elliott Management loan over five years rather than just one, putting the search for new investors in the hands of London-based company Highbridge.

“The risk for Milan is that at the end of the financial year, there is not sufficient evidence that the club can continue operating at this level. If that is the case, and there isn’t a strong majority shareholder who can inject liquidity fast, then the balance sheet cannot be approved.

“The consequences of that would be to bring in the bankruptcy tribunal.”

https://www.football-italia.net/113597/ ... ransparent
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Jasper
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Re: Finances

01 Dec 2017, 08:08

> Financial experts
> NY Times and Forbes

you mean journalists?
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naraku
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Re: Finances

01 Dec 2017, 10:24

While at the same time we just had a meeting with city officials about a new stadium. da fuck ! :lol:
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Jasper
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Re: Finances

01 Dec 2017, 11:21

naraku wrote:
While at the same time we just had a meeting with city officials about a new stadium. da fuck ! :lol:

Well bluffers are really active to look like they're doing stuff. And there are even cases where they break through with stuff. For example a total fraud almost attained NY Isladers and tho it didn't eventually got through his TV deal made him like top 3 owners of franchise or sth :D - http://www.imdb.com/title/tt3311418/
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milanist
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Re: Finances

06 Dec 2017, 14:26

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highrider
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Re: Finances

07 Dec 2017, 11:46

Arab dollars please.
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LemonCookies
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Re: Finances

08 Dec 2017, 04:53

I don't really want Arab owners. Their money's dirtier than our Chinese overlords.
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