- Feb 16, 2011
- Reaction score
- North Pole
- Fav. Players
- Baresi, Maldini, Albertini, Weah, Nesta, Rino, Kaka, Sheva, Pippo, De Sciglio, El Shaarawy
According to NYTimes Li is a fraud.
Report: UEFA to reject Milan’s FFP deal
By Football Italia staff
Reports in Spain claim UEFA will reject Milan’s proposal of a voluntary agreement on Financial Fair Play.
The Rossoneri were taken over by a Chinese consortium, Rossoneri Sport Investment Lux, in April led by Yonghong Li.
A big summer transfer campaign followed, with the Diavolo spending over €200m to reinforce Vincenzo Montella’s squad.
Clubs which have recently been taken over can apply for dispensation to extend their Financial Fair Play responsibilities over four years.
However, they must still submit realistic plans to become profitable or face sanctions from European football’s governing body.
Milan submitted accounts to UEFA earlier this month, as they hope to come to a voluntary agreement over their FFP obligations.
This morning’s Marca though 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.
They have 15,000 members which is double that of FIF (not sure how many active though), but no one has even posted in their financial thread since January. That's fucking unreal. Every bit of news about Suning, good or bad, is discussed here in great detail and yet the situation over there seems to be ignored in recent months. Unbelievable considering the circumstances.
Ivan Gazidis: €4M/year
Paolo Maldini: €1.8M/year
Paolo Scaroni: €0.5M/year
I don't think there is any other club with so many high-earners in the upper management.
Gazidis was one of the best paid CEOs in EPL, in fact there was a big fuss over him earning more than his Liverpool and Chelsea equivalents COMBINED......and he got a raise when he joined Milan...
and then there's Leo who earns almost as much as him.
Even Maldini's salary would put him near the top among CEOs of English clubs. You know, the ones with revenues twice the size of Milan's.
Meanwhile Gazidis and co are on a mission to trim down the wagebill by not renewing with Abate and Zapata.