Home Topics Li Yonghong
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.
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.
12Page 1 of 2
Rochas Okorocha, governor of Imo state, has asked Igbo leaders to toe the path of wisdom before adopting a candidate for the 2019 presidential election.
The Nigerian Meteorological Agency (NiMet), has announced that the severity of harmattan period would be higher and longer over the Northern states due to its proximity to the Sahara desert compared to the South in 2018/2019 dry season.
Bukola Saraki: Nigerians waiting to see how Muhammadu Buhari will handle allegations against Adams...
Senate President Bukola Saraki says Nigerians are eagerly waiting to see how President Muhammadu Buhari will handle allegations against Adams Oshiomhole, national chairman of the All Progressives Congress (APC).
The Acting Chairman, Economic and Financial Crimes Commission, Mr. Ibrahim Magu has cautioned Bureau de Change operators in the country against aiding corrupt practices of some politicians.
The United Nations (UN) Office for the Coordination of Humanitarian Affairs (COHA) has spent 70 million dollars in providing humanitarian assistance in the north-eastern states of Borno, Adamawa and Yobe.
Niger Tornadoes have bolstered their squad with 15 new faces following their decision to release 12 players last week ahead of the 2018/19 Nigeria Professional Football League season set to kick off December 1 and 2, 2018.
Super Eagles forward Henry Onyekuru on Saturday declared his readiness for the Country’s Africa Cup of Nations qualifier against South Africa on November 17 after grabbing a brace for Turkish side, Galatasaray, as they defeated Kayserispor 3-0 in the Turkish Super Lig.
A former Aviation Minister, Femi Fani-Kayode, Senator Eyinnaya Abaribe and others are to be prosecuted over an alleged involvement in how Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), escaped from the country.
Fifa has appointed a normalisation committee to run the affairs of Madagascar's Football Federation (FMF).
Dabota Lawson, one-time Miss Nigeria UK, says she regrets marrying Sunny Aku, chairman/CEO, Novena Majesty Furniture Industries Limited, in 2014.