The Rumour Commode XLVIII: Tare Tare Sauce

[CDarius]

I dont want to hear all the reasons..lazy, toxic blah blah


IM NOT READY

 

[La Chupacabra]

No limits, as long as it stays below 20 mil

 

[Samaldinho]

Ciro Venerato, when speaking to Rai 2:

“Milan are interested in Federico Chiesa! A phone call to his entourage and a meeting with Liverpool through an intermediary. Liverpool’s veto must be removed, as they want to give the player to Milan on loan with an obligation to buy, and not on loan with an option.​

​

“Milan has forcefully entered for Chiesa, who Napoli is evaluating but considers him only as an alternative to other wingers, starting with Ndoye. While Allegri, who knows the Italian offensive winger very well, would gladly take him.​

​

“The problem is the formula, because Milan does not intend to risk large sums. A loan with an option or a loan with a conditional obligation could be a solution. On the fact that Milan and Allegri are thinking about Chiesa, I can confirm it a thousand percent.”​

Who is Ciro Venerato? Is he worth listening to?

 

[Deep Fried Pizza & Chips]

Nah... don't like him, I don't like wingers. Im totally pro 2 strikers (CF or not) and creative midfielders.

If RLC could deliver once a month the game he delivered against PSG at San Siro, we would be in a different situation today.. but the fella can't stay fit.

If Theo delivered like he used to, and Mike stopped near post shots and Leao was putting in MVP performances, and if... Well you get my point...

RLC is a bust, goals here and there glossed over the fact he's just not very good at much.

 

[Buske]

That's never been the issue mate. We spend what we earn. Gerry has never taken a cent from us to put in his own pocket.

It's them spending on absolute trash that's more of the issue.

Y'all need to stop painting him like a cartoon villain and actually call out the real shit that he does wrong. Only then can we have some positive change with Milan.

Please dont defend that guy on this forum. Thank you

 

[Buske]

when people get mad, they need people to blame

99% of the finger pointing here is misplaced blaming


they think it's gerry's fault when Gabbia made a critical mistake in the CL that eventually resulted in our elimination

No, we dont. Where did you get that from?

We think he assembled the most useless management he could find. He even admitted it by hiring Tare this year.

 

[Hitchens]

I'll never understand the management stooges. In opposition to Maldini. The people you end up staring down in a world war.

 

[Ryo]

Please dont defend that guy on this forum. Thank you

LMAO, is that how you see it?
I'm trying to direct anger at the proper place.
Point out his actual faults and flaws, not make up charges and use those as his rap sheet.

He didn't take money out of the club. He used the money earned by the club and reinvested it back into it (Futuro, San Donato, new players for the ones we sold off). To say otherwise would be defamation.

What he DID do is not hire competent experts for the positions that were needed, and those that he hired fucked up the project with their incompetence, leading to the drop in Squad Value and Club Valuation.

Call him out for shit he did, not make up false charges and stew about it unnecessarily.

 

[Alo88]

Why shouldn't it? Because it limits what Milan can spend on sporting costs.

He did not have to put it on our books, that's the issue.

Are you referring to the 55M spent on the San Donato land in the context of FFP?

Because as far as I understand it, infrastructure investments – like stadiums or training centers – are explicitly excluded from FFP calculations. The UEFA regulations clearly state that these kinds of long-term structural expenses don’t count against the FFP limits, as long as they're not used to disguise player wages or transfer fees.

Also, even if RedBird did book the land purchase under Milan rather than one of their other entities, wouldn't that mean Milan now owns a tangible asset? In accounting terms, it becomes part of the club’s fixed assets – so it actually increases the value of the club on the balance sheet.

So I’m not sure why or how that would limit Milan’s ability to spend on transfers – unless the argument is about cash flow. In that case, you could say: sure, 55M in cash is now tied up in land instead of players. But that’s a liquidity issue, not an FFP restriction (and apparently, as per Felice Raimondo, we're quite liquid, other clubs like Inter or Roma have much more troubles in that regard).

Or am I missing your point?

 

[mPanucci]

Yes.

Whatever the tough guys in here think, I think he was the player most affected by the Maldini sacking. And he has his own demons it seems. No father figure growing up, not quite his big bro. As pathetic as that sounds, I don't think he would've regressed like this with Paolo around.

But man what a player at his best, one of the best I've seen in this jersey.

Thinking it’s more the world cup final that caused some damage like mental fatigue. After that he never was the same.

 

[Tantalis]

bring back maldini

 

[Tantalis]

Lecce apparently in pole position to take Camarda on loan

would be a dream to see him find his feet in Serie A with my second favourite team before he comes back to take us to glory

why you like lecce?

 

[mPanucci]

Redbird put the costs of around 50-55m of San Donato on our books, unnecessarily.

Meanwhile, he uses other money of Redbird to buy into F1 (around a billion), finance large corporate mergers worth billions, finance entertainment companies, and even purchase UK newspapers--we are spending far below what we make, our board is the most highly compensated board in Serie A, while our wages are around 45% of our revenues, perhaps even less, before this season.

Despite all justified criticism n all the structural garbage that happened, we still want to remain fair. Redbird put the €55 million into Milan, because contrary to all claims, Gerey didn't pull anything out, he put it in.

Actually, ever since Yonghong Li, problem has not been transfer spending. They’re actually quite high. But we invest money badly. Starting with Bonucci n Kalinic, to Laxalt or Piatek via De Ketelaere to Origi n Chukwueze or Emerson.

But unlike De Ketelaere or Adli, at least Chukwueze was exactly what Pioli wanted.

 

[Hitchens]

Despite all justified criticism n all the structural garbage that happened, we still want to remain fair. Redbird put the €55 million into Milan, because contrary to all claims, Gerey didn't pull anything out, he put it in.

Actually, ever since Yonghong Li, problem has not been transfer spending. They’re actually quite high. But we invest money badly. Starting with Bonucci n Kalinic, to Laxalt or Piatek via De Ketelaere to Origi n Chukwueze or Emerson.

But unlike De Ketelaere or Adli, at least Chukwueze was exactly what Pioli wanted.

This post is all over the place.

These 55m are doing little work for Milan right now, but hopefully they will. Maybe the San Siro project upside cancel out the extravagant spending at San Donato. Maybe that was the plan all along, or maybe our door kept open at San Donato will unearth possibilities down the line. We will see.

Gerry is not using Milan as an ATM, we can give him that. But that would obviously be detriment to his interest. What he has done though, is fire the person pretty much responsible for #19 and giving Frodo and the bunch a free reign to spend the Elliott amount(50m a season) on making the team worse. Meanwhile all of this he is to busy to show himself in Milano.

The hiring of Tare shows development, but it has been a de facto shitshow since he took the reigns for Milan. For him, for us, for the public.

 

[Samaldinho]

Are you referring to the 55M spent on the San Donato land in the context of FFP?

Because as far as I understand it, infrastructure investments – like stadiums or training centers – are explicitly excluded from FFP calculations. The UEFA regulations clearly state that these kinds of long-term structural expenses don’t count against the FFP limits, as long as they're not used to disguise player wages or transfer fees.

Also, even if RedBird did book the land purchase under Milan rather than one of their other entities, wouldn't that mean Milan now owns a tangible asset? In accounting terms, it becomes part of the club’s fixed assets – so it actually increases the value of the club on the balance sheet.

So I’m not sure why or how that would limit Milan’s ability to spend on transfers – unless the argument is about cash flow. In that case, you could say: sure, 55M in cash is now tied up in land instead of players. But that’s a liquidity issue, not an FFP restriction (and apparently, as per Felice Raimondo, we're quite liquid, other clubs like Inter or Roma have much more troubles in that regard).

Or am I missing your point?

This is about the balance between their desire to maintain certain revenue targets to keep the club as attractive as possible versus their willingness to spend their own money on said developments.

Without getting a closer look at the books, it looks like Milan is the one who purchased the land, rather than Redbird or some other vehicle--this was sold as a way to reduce our profits and subsequent tax bill.

He could have spent 55m on players instead, for example. We could have gotten a better coach, we could have bought a real striker in the summer instead of Morata, or Tammy. We could have bought Santi in the summer.

When it comes to the land purchases, usually you would put the costs of those acquisitions through another vehicle, many home owners in the US create an LLC for their home to limit their liability (and then never actually maintain the LLC, which defeats the purpose) but it looks like we have not done this, instead buying something with Milan's money unnecessarily.

It looks like they relied upon the profitability and revenue growth of Milan to fund a purchase, rather than them funding it themselves.

The question becomes how did we account for these costs? For example, Chelsea sold real estate (hotels) to ensure that it was in compliance with PSR rules--it is notable that they used different companies to sell them (they also don't fully control their own stadium)--otherwise they would have had to report significantly higher losses and be out of compliance. My issue is the wisdom of putting those costs on our books at this stage, because it increased the risk involved with our revenues, vis-a-vis our sporting performances.

Now that we have lost at least 60m by getting 8th place, they have now turned around and sold someone like Tiji to make-up for them putting the 55m on our books, for revenue purposes--because they want the company to look as healthy as possible. Elliott did this by staggering sponsorships, it made the revenue growth look more gradual.

The issue with FFP though is that the increased losses that you are permitted to take are permitted upon the owner making the capital contribution to make up for it, I think it is fair to ask: are Redbird as willing to make those sorts of contributions?

Based on this maneuver, and their practice of selling players whilst inadequately using those funds, and the incoherence of their sporting direction, I doubt it.

 

[Eastheaven]

I think it was exactly 6 years ago today - when that famous photo was taken in Ibiza, between Maldini and Theo. I am too lazy to search now - but you know which one i was talking about. I don know if this is meant to be - today also saw the news that Theo Hernandez, our lightening bolt down the left will be leaving, after 6 years of playing for the red and black.

This post is not about football, but a few words on him as a human being - because i'd prefer to remember the good times. We all suffer from mental fatique from time to time, and perhaps to a varying degree. I'd like to believe that his downfall was more down to mental health more than anything else - from the loss of his father figure (Maldini, Pioli to some extent), to his friends and comrades (likes of Brahim, Samu Castillejo), and the off-field troubles on his personal life, his wife, becoming a parent so on and so forth... i am not happy about his performance and attitude on the field towards the end - but as a human i can understand.

Theo, you arrived as talent, but you depart as a legend (at least in my book) etched into the very fabric of the San Siro. From that very first moment (i believe was the strike against Udinese). you announced yourself not just as a player, but as a force of nature in red and black, a hurrican in human form, transforming defence into attack with a surge of power and pace that left opponents beathless and fans roaring in disbelief. You gave us more than just incredible goals (though I will never forget that solo run against Atlanta in the scudetto season), you gave us heart. you played every minute with a fire in your eyes, a passion that mirrored our own in the stands. You even wore the badge - i'd like to be;lieve not just on your chest but also on your soul. After all, they don't call you Maldini's heir for no reason...It's going to be hard to imagine San Siro wihtout those surging runs, those powerful tackles and that infectious passion you used to show. The name is woven into our recent history, the goals replay in our memories and the spirit you showed will forever be the standard.

Grazie, Theo, for leaving at this stage, where the goodbye is still amicable - thank you for being one of us, thank you for the ride. You will always be remembered as the defender who scored the most goals for the Rossoneri.

 

[brk]

Are you referring to the 55M spent on the San Donato land in the context of FFP?

Because as far as I understand it, infrastructure investments – like stadiums or training centers – are explicitly excluded from FFP calculations. The UEFA regulations clearly state that these kinds of long-term structural expenses don’t count against the FFP limits, as long as they're not used to disguise player wages or transfer fees.

Also, even if RedBird did book the land purchase under Milan rather than one of their other entities, wouldn't that mean Milan now owns a tangible asset? In accounting terms, it becomes part of the club’s fixed assets – so it actually increases the value of the club on the balance sheet.

So I’m not sure why or how that would limit Milan’s ability to spend on transfers – unless the argument is about cash flow. In that case, you could say: sure, 55M in cash is now tied up in land instead of players. But that’s a liquidity issue, not an FFP restriction (and apparently, as per Felice Raimondo, we're quite liquid, other clubs like Inter or Roma have much more troubles in that regard).

Or am I missing your point?

Raimondo is also very pessimistic about San Siro and keeps saying we’ll eventually land on San Donato.

 

[Hitchens]

I think it was exactly 6 years ago today - when that famous photo was taken in Ibiza, between Maldini and Theo. I am too lazy to search now - but you know which one i was talking about. I don know if this is meant to be - today also saw the news that Theo Hernandez, our lightening bolt down the left will be leaving, after 6 years of playing for the red and black.

This post is not about football, but a few words on him as a human being - because i'd prefer to remember the good times. We all suffer from mental fatique from time to time, and perhaps to a varying degree. I'd like to believe that his downfall was more down to mental health more than anything else - from the loss of his father figure (Maldini, Pioli to some extent), to his friends and comrades (likes of Brahim, Samu Castillejo), and the off-field troubles on his personal life, his wife, becoming a parent so on and so forth... i am not happy about his performance and attitude on the field towards the end - but as a human i can understand.

Theo, you arrived as talent, but you depart as a legend (at least in my book) etched into the very fabric of the San Siro. From that very first moment (i believe was the strike against Udinese). you announced yourself not just as a player, but as a force of nature in red and black, a hurrican in human form, transforming defence into attack with a surge of power and pace that left opponents beathless and fans roaring in disbelief. You gave us more than just incredible goals (though I will never forget that solo run against Atlanta in the scudetto season), you gave us heart. you played every minute with a fire in your eyes, a passion that mirrored our own in the stands. You even wore the badge - i'd like to be;lieve not just on your chest but also on your soul. After all, they don't call you Maldini's heir for no reason...It's going to be hard to imagine San Siro wihtout those surging runs, those powerful tackles and that infectious passion you used to show. The name is woven into our recent history, the goals replay in our memories and the spirit you showed will forever be the standard.

Grazie, Theo, for leaving at this stage, where the goodbye is still amicable - thank you for being one of us, thank you for the ride. You will always be remembered as the defender who scored the most goals for the Rossoneri.

Nothing but love brother!

On this forum we value sociopaths with Sopranos gifs as much as this. But to a large percentage of us, this post hits home <3

 

[Ryo]

Are you referring to the 55M spent on the San Donato land in the context of FFP?

Because as far as I understand it, infrastructure investments – like stadiums or training centers – are explicitly excluded from FFP calculations. The UEFA regulations clearly state that these kinds of long-term structural expenses don’t count against the FFP limits, as long as they're not used to disguise player wages or transfer fees.

Also, even if RedBird did book the land purchase under Milan rather than one of their other entities, wouldn't that mean Milan now owns a tangible asset? In accounting terms, it becomes part of the club’s fixed assets – so it actually increases the value of the club on the balance sheet.

So I’m not sure why or how that would limit Milan’s ability to spend on transfers – unless the argument is about cash flow. In that case, you could say: sure, 55M in cash is now tied up in land instead of players. But that’s a liquidity issue, not an FFP restriction (and apparently, as per Felice Raimondo, we're quite liquid, other clubs like Inter or Roma have much more troubles in that regard).

Or am I missing your point?

To add to this, because we put those costs into the club's books in a year where we had big profits, that reduced the net profit that we had on our books, which reduced the amount of taxes we had to give to Italy.

€6.1m net profit in 2022/23
€40m spent on San Donato in 2022/23
24% Income tax rate.
So taxes paid that year = €1.46M


If we had not booked those expenses, then our net profit for 2022/23 would have been €46.1m

24% Income tax rate.
So taxes we would have paid that year = €11.064M

That would have been €10M taxed money that we would not have been able to get back.

 

[Alo88]

This is about the balance between their desire to maintain certain revenue targets to keep the club as attractive as possible versus their willingness to spend their own money on said developments.

Without getting a closer look at the books, it looks like Milan is the one who purchased the land, rather than Redbird or some other vehicle--this was sold as a way to reduce our profits and subsequent tax bill.

He could have spent 55m on players instead, for example. We could have gotten a better coach, we could have bought a real striker in the summer instead of Morata, or Tammy. We could have bought Santi in the summer.

When it comes to the land purchases, usually you would put the costs of those acquisitions through another vehicle, many home owners in the US create an LLC for their home to limit their liability (and then never actually maintain the LLC, which defeats the purpose) but it looks like we have not done this, instead buying something with Milan's money unnecessarily.

It looks like they relied upon the profitability and revenue growth of Milan to fund a purchase, rather than them funding it themselves.

The question becomes how did we account for these costs? For example, Chelsea sold real estate (hotels) to ensure that it was in compliance with PSR rules--it is notable that they used different companies to sell them (they also don't fully control their own stadium)--otherwise they would have had to report significantly higher losses and be out of compliance. My issue is the wisdom of putting those costs on our books at this stage, because it increased the risk involved with our revenues, vis-a-vis our sporting performances.

Now that we have lost at least 60m by getting 8th place, they have now turned around and sold someone like Tiji to make-up for them putting the 55m on our books, for revenue purposes--because they want the company to look as healthy as possible. Elliott did this by staggering sponsorships, it made the revenue growth look more gradual.

The issue with FFP though is that the increased losses that you are permitted to take are permitted upon the owner making the capital contribution to make up for it, I think it is fair to ask: are Redbird as willing to make those sorts of contributions?

Based on this maneuver, and their practice of selling players whilst inadequately using those funds, and the incoherence of their sporting direction, I doubt it.

Fair enough, I think you raise a few valid concerns – especially about RedBird's reluctance to inject capital directly, and the decision to use Milan’s own books for the land purchase. But I think it’s important to separate short-term cash flow from long-term strategy here.

Yes, Milan spent 55M of its own money to buy the San Donato land if some of those reports are to be believed, which does reduce available liquidity for transfers or wages in the short term. But that doesn’t mean the money is "gone" or wasted. It’s been turned into a tangible asset – real estate – which increases the club’s overall value and lays the groundwork (literally) for long-term independence from San Siro and improved matchday revenues or improved structures for the youth teams who hopefully can be turned into even more valuable assets for the club too one day.

From a FFP perspective, that kind of infrastructure investment isn’t even counted against spending limits. So this has no negative effect on what the club is allowed to spend in terms of FFP compliance – it’s a business decision, not a regulatory issue.

The argument that RedBird should’ve used a separate vehicle to make the purchase is fair, but also a bit speculative. We don’t know the tax reasoning, the legal framework, or whether Milan will eventually move those assets under a stadium-holding entity later. And comparing this directly to Chelsea (which is a completely different ownership and structural context) only goes so far.

If the criticism is that RedBird prioritizes business structure and asset growth over immediate sporting success – that’s a fair debate. But saying the 55M land purchase is the reason we didn’t buy this or that player or hire a better coach feels like oversimplifying a complex situation. Let’s not forget: the money isn’t missing – it’s just tied up in a different kind of investment.

 

[gioiuzza]

why you like lecce?

beautiful city, my favourite in Italy and there’s lots of competition

also love the food and music and weather of Salento

 

[patosheva]

2024-2025 AC Milan Salaries and Contracts

Capology | Football Salaries & Finances

www.capology.com

Again look at wages we removed

 

[Ryo]

Fair enough, I think you raise a few valid concerns – especially about RedBird's reluctance to inject capital directly, and the decision to use Milan’s own books for the land purchase. But I think it’s important to separate short-term cash flow from long-term strategy here.

Yes, Milan spent 55M of its own money to buy the San Donato land if some of those reports are to be believed, which does reduce available liquidity for transfers or wages in the short term. But that doesn’t mean the money is "gone" or wasted. It’s been turned into a tangible asset – real estate – which increases the club’s overall value and lays the groundwork (literally) for long-term independence from San Siro and improved matchday revenues or improved structures for the youth teams who hopefully can be turned into even more valuable assets for the club too one day.

From a FFP perspective, that kind of infrastructure investment isn’t even counted against spending limits. So this has no negative effect on what the club is allowed to spend in terms of FFP compliance – it’s a business decision, not a regulatory issue.

The argument that RedBird should’ve used a separate vehicle to make the purchase is fair, but also a bit speculative. We don’t know the tax reasoning, the legal framework, or whether Milan will eventually move those assets under a stadium-holding entity later. And comparing this directly to Chelsea (which is a completely different ownership and structural context) only goes so far.

If the criticism is that RedBird prioritizes business structure and asset growth over immediate sporting success – that’s a fair debate. But saying the 55M land purchase is the reason we didn’t buy this or that player or hire a better coach feels like oversimplifying a complex situation. Let’s not forget: the money isn’t missing – it’s just tied up in a different kind of investment.

Given our past two years of failures in identifying value for players or squad construction, I would say that the money invested in San Donato probably retained value better than those investments that we made on the pitch.

Gerry is at fault for putting incompetent people in place to hire the wrong coaches and invest in bad players of course.

Let's just see if this Tare/Allegri duo is the course correction that we need, or whether they are just the next bad investment.

 

[patosheva]

More then 30 mil wages reduced

 

[Curupira]

Thinking it’s more the world cup final that caused some damage like mental fatigue. After that he never was the same.

Could have just hired Paul as his therapist, all would have been well

 

[Buske]

LMAO, is that how you see it?
I'm trying to direct anger at the proper place.
Point out his actual faults and flaws, not make up charges and use those as his rap sheet.

He didn't take money out of the club. He used the money earned by the club and reinvested it back into it (Futuro, San Donato, new players for the ones we sold off). To say otherwise would be defamation.

What he DID do is not hire competent experts for the positions that were needed, and those that he hired fucked up the project with their incompetence, leading to the drop in Squad Value and Club Valuation.

Call him out for shit he did, not make up false charges and stew about it unnecessarily.

Dont lmao me gerry, thank you

 

[nonsonoqui]

I think it was exactly 6 years ago today - when that famous photo was taken in Ibiza, between Maldini and Theo. I am too lazy to search now - but you know which one i was talking about. I don know if this is meant to be - today also saw the news that Theo Hernandez, our lightening bolt down the left will be leaving, after 6 years of playing for the red and black.

This post is not about football, but a few words on him as a human being - because i'd prefer to remember the good times. We all suffer from mental fatique from time to time, and perhaps to a varying degree. I'd like to believe that his downfall was more down to mental health more than anything else - from the loss of his father figure (Maldini, Pioli to some extent), to his friends and comrades (likes of Brahim, Samu Castillejo), and the off-field troubles on his personal life, his wife, becoming a parent so on and so forth... i am not happy about his performance and attitude on the field towards the end - but as a human i can understand.

Theo, you arrived as talent, but you depart as a legend (at least in my book) etched into the very fabric of the San Siro. From that very first moment (i believe was the strike against Udinese). you announced yourself not just as a player, but as a force of nature in red and black, a hurrican in human form, transforming defence into attack with a surge of power and pace that left opponents beathless and fans roaring in disbelief. You gave us more than just incredible goals (though I will never forget that solo run against Atlanta in the scudetto season), you gave us heart. you played every minute with a fire in your eyes, a passion that mirrored our own in the stands. You even wore the badge - i'd like to be;lieve not just on your chest but also on your soul. After all, they don't call you Maldini's heir for no reason...It's going to be hard to imagine San Siro wihtout those surging runs, those powerful tackles and that infectious passion you used to show. The name is woven into our recent history, the goals replay in our memories and the spirit you showed will forever be the standard.

Grazie, Theo, for leaving at this stage, where the goodbye is still amicable - thank you for being one of us, thank you for the ride. You will always be remembered as the defender who scored the most goals for the Rossoneri.

Thanks for sharing your thoughts so honestly

Unfortunately, I don’t think the goodbye is amicable. Something has fundamentally broken between the club and Theo and I think it’s neither all of Theo’s fault nor all the club’s.

I think Leao has a more manageable personality than Theo. After cooling break-gate my hunch was always Rafa would come back into the fold sooner. I do think the Feyenoord antics definitively cut Theo adrift from the club.

There are circumstances off the field—scum breaking into his house, Maldini departing as you say—but ultimately Theo was phoning it in. And clubs have picked up on that as well.

I will remember him fondly as well. Or, I’ll choose to remember the good times.

 

[SuperPippo]

2024-2025 AC Milan Salaries and Contracts

Capology | Football Salaries & Finances

www.capology.com

Again look at wages we removed

Chuck and Emerson wages... someone should be shot for those deals.

 

[Curupira]

We also appreciate people with unresolved daddy issues constantly projecting them onto footballers.

 

[Hitchens]

Proving the thesis