AC Milan: "The club is doing well, our course continues with regularity" (Marco Fassone)

"The club is doing well, our course continues with regularity. The imprint of the Chinese owner is very significant, President Li Yonghong supports us with his advice, recommendations and suggestions and, at the same time, he always had a great respect for the Italian mentality, leaving us the greatest freedom of choice as to the people in post," stated Marco Fassone, the managing director of AC Milan (Serie A TIM), on 13/04/2018.

"Fininvest (holding company of the Berlusconi family) has closed the sale of the entire capital of AC Milan it held, namely 99.93%, to Rossoneri Sport Investment Lux," announced the two entities on 13/04/2017. The Chinese businessman Li Yonghong, the chief representative of Rossoneri Sport Investment Lux, became president of AC Milan on 14/04/2017, and chose Marco Fassone as the club's managing director.

"In financial terms, the loan from the Elliott investment fund (€300m of the total acquisition cost of €740m, with interest rates of 11.5% for the €180m devoted to the purchase of the club and 7.5% for €120m devoted to the purchase of players in summer…