Newsgroup: it.sport.calcio.milan
Titolo: il Financial Times sul closing, buone notizie

http://tinyurl.com/kgwt5ho
 
 
in inglese
grazie a Gabriele Battagli che lo aveva postato sul gruppo ISCM su Facebook

 in inglese
 
ed a pagamento...


un copia incolla?
 
tnx


	AC Milan is heading for a listing in Hong Kong after financing from US hedge fund Elliott Management revived a Chinese deal to buy the Italian football club from Silvio Berlusconi, former prime minister of Italy.
 
	High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email 
ftsales...@ft.com
 to buy additional rights.
 
https://www.ft.com/content/a1cc13c0-13c1-11e7-b0c1-37e417ee6c76?accessToken=zwAAAVsYmV4gkdOhzBPAE8ER59OwwTfkF-5sdg.MEYCIQDvYmCzULkOUTnjoRWRjHiyFkdOiOShgg_fsWQE5Cb_QwIhAMY-ij79-3uF0swpQmZMvuqh9kqmL_6evqK-aFoCma6g&sharetype=gift
 
 
	Elliott has agreed to provide part of the financing for little-known Chinese investor Yonghong Li to buy AC Milan for €740m, say people directly informed of the deal. The transaction values AC Milan at about four times revenues, putting it on a par with Chinese Suning Holdings’ purchase of a majority stake in Inter Milan last year.
 
Elliott’s intervention is decisive to the deal closing successfully. It was first agreed in August last year.
 
	High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email 
ftsales...@ft.com
 to buy additional rights.
 
https://www.ft.com/content/a1cc13c0-13c1-11e7-b0c1-37e417ee6c76?accessToken=zwAAAVsYmV4gkdOhzBPAE8ER59OwwTfkF-5sdg.MEYCIQDvYmCzULkOUTnjoRWRjHiyFkdOiOShgg_fsWQE5Cb_QwIhAMY-ij79-3uF0swpQmZMvuqh9kqmL_6evqK-aFoCma6g&sharetype=gift
 
 
	The transaction led by Mr Li’s Sino Europe Sports includes €250m of downpayments to Mr Berlusconi’s family holding company, Fininvest, and €200m of debt. It is expected to close in mid-April. Sino Europe Sports paid a €100m deposit for the club, non-refundable if the deal failed to close.
 
Mr Li, who is representing a consortium of unspecified Asian investors, is looking at listing the club on the Hong Kong stock exchange in the next 18 months to provide an exit for Elliott, said people with knowledge of the deal.
 
The agreement to buy the lossmaking football club, a seven times European champion that has failed to win any major competition for six years, is the latest in a flurry of Asian investments in European soccer.
 
It comes after months of on and off talks between the two sides. A clampdown by Chinese authorities on so-called foreign vanity deals, amid a wider crackdown on capital outflows, had threatened to derail it.
 
The transaction also marks the end of an era for Mr Berlusconi, whose ownership of AC Milan in its 1990s’ heyday helped to build his personal and political popularity.
 
	High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email 
ftsales...@ft.com
 to buy additional rights.
 
https://www.ft.com/content/a1cc13c0-13c1-11e7-b0c1-37e417ee6c76?accessToken=zwAAAVsYmV4gkdOhzBPAE8ER59OwwTfkF-5sdg.MEYCIQDvYmCzULkOUTnjoRWRjHiyFkdOiOShgg_fsWQE5Cb_QwIhAMY-ij79-3uF0swpQmZMvuqh9kqmL_6evqK-aFoCma6g&sharetype=gift
 
 
	But Mr Berlusconi, 80, had decided to sell the underperforming club as it had become a drag on his personal fortune — and appeal — in recent years and he had baulked at spending the millions necessary to compete with deep-pocketed Asian investors.
 
The media entrepreneur, who has a messy succession to resolve with five children from two marriages, is also weighing his ownership of Italian media group Mediaset.
 
Football fans in Asia are the future of the European football business, say industry analysts. Mr Li is seeking to boost AC Milan’s profile in China to build revenues through merchandising and the rights to show Serie A games on Chinese television.
 
Elliott and Mr Li’s investment vehicle Rossoneri Lux have agreed a €253m financing. This includes €180m to finance AC Milan’s acquisition from Mr Berlusconi’s Fininvest, and a €73m intercompany loan to AC Milan to finance short-term loans, said two people informed of the deal structure.
 


A HongKong ci si può quotare solo dopo 3 anni di bilancio positivo con stessa proprietà.... (riporto info lette, su borsa HK credo pochi ci sguazzino) Nel caso ci vogliono almeno 5 anni. Senza quotazione, l'impalcatura degli screditati protagonisti della scalata al Milan dura pochi mesi. In realtà l'operazione è solo prendere tempo. E fa comodissimo all'ambiente calcio italico che nel frattempo deve concludere rinnovo diritti con SKY e si presenterà con Milan apparentemente ancora futuribile(sono di questi giorni le notizie farlocche di un interesse Telecom per tentare di alzare il prezzo in prospettiva). 


non è a pagamento