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AC Milan has been fined €12 million by Uefa and threatened with a one-season ban from European competition for breaking financial fair play rules.
AC Milan’s former owner Li Yonghong wanted to sign Cristiano Ronaldo a year before the five-time Ballon d’Or winner joined Juventus, but was persuaded they could not afford him, ex-club chief executive Marco Fassone said on Tuesday.
The club's latest statement shows a €53m (£46m/$61m) drop on the previous year and brings the club’s consolidated losses over the last 14 years to over €730m (£639m/$845m), with €460m (£403m/$533m) of that total accounted for in the last five years.
Paolo Maldini, who returned to AC Milan as sporting strategy and development director in the summer, has said he is not surprised that the club recorded a €126 million operating loss for 2017-18.
The agent of Paul Pogba and Zlatan Ibrahimovic, Mino Raiola, has spoken about the futures of two of his top clients.
Kaka will return to AC Milan in September to learn the ropes as a club director, according to technical director Leonardo.
Argentina striker Gonzalo Higuain on Thursday moved to AC Milan in a three-player swap deal between the seven-time European champions and Juventus that will see Leonardo Bonucci return to Turin after just a season away.
AC Milan relieved Massimiliano Mirabelli of his duties as sporting director on Tuesday, only days after the Italian club also severed ties with general manager Marco Fassone.
Alisher Usmanov is exploring a sale of his 30 percent stake in English football club Arsenal, the Financial Times reported on Tuesday, citing sources close to the Russian billionaire.
AC Milan have announced the appointment of Paolo Scaroni as chairman as the club heralded the "dawn of a new era" under new owners Elliott Management.
US hedge fund Elliott announced it has taken over Italian giants AC Milan after the club's Chinese owners failed to repay debt, saying the deal opened "a new chapter" for the football institution.
American hedge fund Elliott will take control of Italian giants AC Milan this week after the club’s Chinese ownership missed a multi-million euro debt repayment, sources close to the matter confirmed to AFP on Tuesday.
Indebted AC Milan owner Li Yonghong has failed to repay U.S. fund Elliott for covering an investment, paving the way for legal action that could see the company become the new owner of the Italian club, Reuters reported, citing a source familiar with the matter.
AC Milan have confirmed the signings of Pepe Reina and Ivan Strinic on free transfers from Napoli and Sampdoria respectively.
AC Milan have been excluded from playing in the Europa League next season for breaching UEFA's financial fair play (FFP) regulations.
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The presidential candidate of the People’s Democratic Party (PDP), Atiku Abubakar, and PDP national chairman, Prince Uche Secondus, have urged the military and other security agencies to disobey the presidential order asking them to deal ruthlessly with would-be ballot box snatchers.
The 453 Base Service Group, Nigerian Air Force, Kaduna, on Tuesday said it had arrested 10 suspected thugs and bandits and recovered 57 livestock.
Sen. Heineken Lokobiri, Minister of State for Agriculture, has dismissed accusations of instigating violence in Bayelsa leveled against him and other APC chieftains in the state by Gov. Seriake Dickson.
Caster Semenya has released a list of experts she will call in her appeal hearing at the Court of Arbitration for Sport (CAS) this week in her fight against regulations aimed at lowering the testosterone levels of hyperandrogenic athletes like her.
The Chairman of Ogbomoso North Local Government Area of Oyo State, Hon. Olamiju Alao-Akala, has been suspended from office.
Gov. Aminu Masari of Katsina State, on Monday paid a condolence visit to Kasai village, in Batsari Local Government Area of the state, over killings by bandits in the area.
Edo State Commissioner of Police, Mr. Hakeem Odumosu, has disclosed that no fewer than 15,000 security operatives would be deployed to monitor Saturday’s national election in the State.
Some stakeholders in the education sector have expressed disappointment over the sudden postponement of the Presidential and National Assembly elections by the Independent National Electoral Commission.
Mr. Wakili Mohammed has assumed office as the new Commissioner of Police for Kano State Command, vowing to deal with drug and substance abuse in the state.
Cristiano Ronaldo has been dropped as the face of EA Sports’ FIFA 19 game.