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Serie A: Italian footballing giants AC Milan suffer record 146 million euro losses, claim reports
Sports

Serie A: Italian footballing giants AC Milan suffer record 146 million euro losses, claim reports

Troubled former Italian footballing giants AC Milan have suffered record losses, according to reports in Italy on Wednesday.

Serie A: Former AC Milan owner Li Yonghong blacklisted in China after failing to pay back debts
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Serie A: Former AC Milan owner Li Yonghong blacklisted in China after failing to pay back debts

Li Yonghong was one of dozens of wealthy Chinese investing in or simply buying up some of the sport's biggest clubs after President Xi Jinping declared he wanted to turn China into a football superpower.

AC Milan appoints former oil company boss Paolo Scaroni as executive chairman amidst Elliott Management takeover
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AC Milan appoints former oil company boss Paolo Scaroni as executive chairman amidst Elliott Management takeover

AC Milan have announced that CEO of Italian oil group Eni, Paolo Scaroni, will be executive chairman and will take on interim management of the club as it changes ownership from Li Yonghong to Elliott Management.

Serie A: Court of Arbitration for Sport overturns AC Milan's ban from UEFA competition
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Serie A: Court of Arbitration for Sport overturns AC Milan's ban from UEFA competition

The Court of Arbitration for Sport has overturned an order from UEFA that banned AC Milan from participating in UEFA tournaments for a period of two years, after failing to adhere to Financial Fair Play regulations.

AC Milan approach Court of Arbitration for Sport to overturn UEFA ban from Europa League
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AC Milan approach Court of Arbitration for Sport to overturn UEFA ban from Europa League

AC Milan have spent a troubled 15 months since they were bought by Chinese businessman Li Yonghong from Silvio Berlusconi in April 2017.

AC Milan owner Li Yonghong faces race against time to pay off debts as prospective buyers prepare bids
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AC Milan owner Li Yonghong faces race against time to pay off debts as prospective buyers prepare bids

AC Milan owner Li Yonghong faces a race against time as he must pay a sum of $37 million to investment company Elliott to retain control over AC MIlan. Meanwhile, prospective buyers prepare to make subsidized bids, with Yonghong's desperation growing.

Serie A team AC Milan barred from competing in UEFA tournaments for two years following Financial Fair Play investigation
Sports

Serie A team AC Milan barred from competing in UEFA tournaments for two years following Financial Fair Play investigation

Serie A team AC Milan has been barred from competing in UEFA events for the next two years after an investigation by UEFA raised doubts over a $348 million debt taken by owner Yonghong Li.

Serie A: AC Milan's sale to Chinese consortium being investigated by Italian prosecutors
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Serie A: AC Milan's sale to Chinese consortium being investigated by Italian prosecutors

AC Milan were sold in April 2017 by former Italian prime minister Silvio Berlusconi to a Chinese-led consortium for €740 million with the use of offshore funds.

Serie A: AC Milan's sale to Chinese investors being probed for money-laundering, claims report
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Serie A: AC Milan's sale to Chinese investors being probed for money-laundering, claims report

After more than 30 years in the hands of Berlusconi, Milan were sold on 13 April last year to a group of Chinese investors led by Li Yonghong.

Serie A: Gianluigi Donnarumma claims he suffered 'moral abuse', wants AC Milan deal to be cancelled
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Serie A: Gianluigi Donnarumma claims he suffered 'moral abuse', wants AC Milan deal to be cancelled

Former European giants Milan are struggling down in seventh in Serie A despite Chinese owner Li Yonghong's €230 million summer spending spree.

UEFA set to decline AC Milan's voluntary settlement regarding Financial Fair Play rules
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UEFA set to decline AC Milan's voluntary settlement regarding Financial Fair Play rules

Despite a 200-million-euro investment from Chinese owner Li Yonghong during the close season, Milan have stuttered badly after a strong start saw them win four of their first five matches.

Serie A: AC Milan look to get season back on track against Inter, Napoli face Roma
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Serie A: AC Milan look to get season back on track against Inter, Napoli face Roma

Italy's traditional derby match between footballing giants Inter and AC Milan now has a distinctly Asian flavour and following, fuelled by multi-million dollar investments by the Chinese owners of the two clubs.

Transfer deadline day: From TV deals to political statements, reasons for stunning spending spree
Sports

Transfer deadline day: From TV deals to political statements, reasons for stunning spending spree

A record-breaking transfer window this season has seen the likes of Paris Saint-Germain, Manchester City and Barcelona spend hundreds of millions of euros so far on new players.