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Li Yonghong

AC Milan suffer record €126 million annual losses

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.
AC Milan - Paolo Maldini

Paolo Maldini not surprised by AC Milan’s €126m loss in 2017-18

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.

Mino Raiola offers update on Paul Pogba, Zlatan Ibrahimovic’s futures

The agent of Paul Pogba and Zlatan Ibrahimovic, Mino Raiola, has spoken about the futures of two of his top clients.
Former AC Milan player Kaka at the St. Petersburg Stadium. MB Media via Getty Images

Kaka to make AC Milan return, join Paolo Maldini, Leonardo in director roles

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

Gonzalo Higuain signs for AC Milan as Leonardo Bonucci returns to Juventus

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 - Massimiliano Mirabelli

AC Milan fire sporting director as managerial reshuffle continues

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.

Report: Arsenal shareholder Alisher Usmanov explores sale of 30% stake

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 name new chairman as Elliott take control

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.

Arbitration Court overturns UEFA ban on AC Milan

The Court of Arbitration for Sport (CAS) on Friday overruled a decision made by the European soccer body UEFA to ban AC Milan from next season’s Europa League competition.
AC Milan's midfielder Giacomo Bonaventura (C) celebrates after scoring during the Italian Serie A football match Inter Milan Vs AC Milan on October 15, 2017 at the 'San Siro Stadium' in Milan. - AFP PHOTO - MARCO BERTORELLO

US hedge fund Elliott announces takeover of AC Milan

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.

US hedge fund Elliott set to take control of AC Milan

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.
AC Milan were purchased by an ownership group led by investor Li Yonghong in April 2017

Report: AC Milan may change hands as owner fails to make repayment

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.
Pepe Reina has moved to AC Milan

AC Milan sign Pep Reina and Ivan Strinic on free transfers

AC Milan have confirmed the signings of Pepe Reina and Ivan Strinic on free transfers from Napoli and Sampdoria respectively.
AC Milan were purchased by an ownership group led by investor Li Yonghong in April 2017

AC Milan banned from Europe for two seasons over FFP violations

AC Milan have been excluded from playing in the Europa League next season for breaching UEFA's financial fair play (FFP) regulations.

AC Milan face Europa League ban

European football's top financial investigators have recommended excluding Chinese-owned AC Milan from the Europa League next season for violating rules that limit spending, the New York Times reported on Friday.

Arsenal test as murky finances threaten AC Milan

AC Milan's superb recent run faces a stiff test against Arsenal in the Europa League last-16 first leg in Italy on Thursday amid a backdrop of murky finances which are threatening one of Italy's most successful clubs.

Italy probes AC Milan sale for money laundering

An Italian newspaper said Italian prosecutors have begun a probe into whether the deal to sell AC Milan to Chinese investors last year was inflated for money-laundering.

AC Milan coach Gennaro Gattuso looking at frugal January

AC Milan coach Gennaro Gattuso said on Friday that the under-pressure club were looking at a frugal January transfer window after their summer spending spree failed to turn their ailing fortunes around.

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