Alec
Football Idiot Savant
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It tastes however the new ownership decides it tastes
It tastes like shit
Deepdish pizza always looks good.
Is it actually good?
i imagine the bread part would be soaky
Who do you prefer?
The thing is due to FFP regulations it's not that much about how rich your owner is but about how much your revenues as a club are. Silvio is worth something even beyond 10B or so, money really wasn't the issue but G running the Club like a monkey and creating a 100M loss per season (which is the initial cause for the trouble we're facing with UEFA now).Stephen Ross is richer but Ricketts have a proven record of buying and turning around a sports team. So Ricketts..
Exactly, and I believe the Ricketts are the perfect group to do itThe thing is due to FFP regulations it's not that much about how rich your owner is but about how much your revenues as a club are. Silvio is worth something even beyond 10B or so, money really wasn't the issue but G running the Club like a monkey and creating a 100M loss per season (which is the initial cause for the trouble we're facing with UEFA now).
FFP, put in very simple words, basically says: You as a club can't spend more than you earn.
So having mega-rich owners doesn't bring you a better mercato as long as you don't increase your revenues.
The thing is due to FFP regulations it's not that much about how rich your owner is but about how much your revenues as a club are. Silvio is worth something even beyond 10B or so, money really wasn't the issue but G running the Club like a monkey and creating a 100M loss per season (which is the initial cause for the trouble we're facing with UEFA now).
FFP, put in very simple words, basically says: You as a club can't spend more than you earn.
So having mega-rich owners doesn't bring you a better mercato as long as you don't increase your revenues.
It can be soggy , depends on how its cookedDeepdish pizza always looks good.
Is it actually good?
i imagine the bread part would be soaky
Wrong, he is an American with Croatian blood.
CM says: out of europe and 30mln fine... good job Li and Fassone
Carlo Festa from sole24ore
"The 32 million euros did not arrive yesterday, which was the last tranche of the capital increase that was to be paid by the owner of Milan, Yonghong Li. And, as per contract, the Chinese businessman has replaced the US fund Elliott, which would have reclaimed, through the Luxemburg Rossoneri Lux, the capital necessary to the club rossonero. Now Mr. Li will have 10 working days to repay the same €32 million to Elliott: otherwise it will still be the US fund to have the opportunity to enforce the pledge on shares, as established by the conditions signed on the loan from 303 million contract last year from Yonghong Li to acquire Milan and provide him with the necessary resources for the purchase campaign. What will Yonghong Li do now? According to the latest rumors, a delegation composed for Yonghong Li, by his right-hand man David Han Li, by the lawyer Riccardo Agostinelli, by Alantra's consultants and by the London bankers of Goldman Sachs, who left for New York. The destination would be the New York headquarters of the American business bank where a meeting was scheduled with the potential buyer of Milan, whose name is still top secret. The option supported by Goldman Sachs, at the moment, is the only one to have the characteristics to be closed in the short term, as already last week the signature was close and it was then Yonghong Li to pull the brake with the goal to view other possible expressions of interest always coming from the States. These include the Chicago Cubs owner, Thomas Ricketts and his family, alongside Morgan Stanley and Legance. But why are the rumors coming out in negotiations? It seems that Ricketts, to recover the ground from the American opponent, decided to orchestrate a communication campaign in Italy, releasing an official statement. About ten days ago, the family started a beauty contest between Italian communication agencies (it seems two to the final phase) to organize the campaign that should have started in these days. However at that point the name Ricketts started to turn, the rumors spread and came out a day before due. In any case, without problems, since the communication outcome has been reached. Now we have to see if Ricketts will recover. So what will happen? Elliott remains a favorite for bingo in ten days. Time is a fundamental factor throughout the whole affair. Yonghong Li must return the 32 million within the next 10 working days in order not to risk losing everything and ending probably involved in a lawsuit to the Court of Luxembourg at the time when Elliott will want to enforce his pledge. So the 32 million should be provided by the new member in an operation in which the new American buyer should progressively enter the minority and then move on to control. There is talk of a figure of around 500 million euros to reach 75% of Milan with the Chinese shareholder who should then move into a second phase in the minority. Among the suggestions, we do not know how true, there is also that with the American investor could play a role the ex-star of football, Paolo Maldini. Yonghong Li would then aim at the Milan IPO, so as to make it fall, even if partially, of the investment made. Mr Li, between acquisition and capital increases, has so far paid around € 400 million for Milan, with the exclusion of debts contracted with Elliott for the financing of leverage buyout and loans to Milan for the purchase and for the repayment of Italian banks in April last year."
Milan’s punishment for breaching UEFA Financial Fair Play rules will be revealed on Monday, with a Europa League ban and €30m fine appearing likely.
The San Siro club look set to pay the price for their financial mismanagement under President Yonghong Li, who bought the club from Silvio Berlusconi last year.
Under Coach Gennaro Gattuso, Milan finished the Serie A season in sixth place, earning what they thought was a passage into the 2018-19 Europa League.
However, that now appears highly unlikely, with the club having failed to reassure European football’s governing bodies over their ‘uncertainties.’
As well as the expected Europa League exclusion, Gazzetta dello Sport also believes Milan will be forced to pay a fine of €30m.
The Rossoneri are currently embroiled in an ownership saga which looks likely to end with the club being taken over by American group Elliott Management.
The viability of Li’s investment in the club has repeatedly come under scrutiny since he bought the Diavolo last year.
Yesterday, the Chinese businessman missed a deadline where he was required to provide €32m in order to secure a capital increase. His position at the club now looks untenable.
GdS