Football 2018 Discussion Thread

[thepharoah 2,413]

Report: Milan owner bankrupt

 

 

 

The Corriere della Sera newspaper claims Milan owner Yonghong Li is insolvent and his assets will be auctioned off on Taobao (the Chinese version of eBay).

This is certainly not the first time questions have been raised on the financial status of the businessman, as the New York Times and financial paper Il Sole 24 Ore also ran investigations pointing to a lack of funds.

However, this latest report suggests the situation has precipitated to the point where Yonghong Li is essentially bankrupt.

Packaging company Zhuhai Zhongfu, valued at €60m and of which his holding company owns 11.39 per cent, has been ordered on sale via an auction by the tribunal in Futian to repay the Jiangsu and Canton banks.

A few days ago, the China Securities Regulatory Commission also announced the start of an investigation into illicit practices from his holding company Shenzhen Jie Ande for hiding their bankruptcy for months.

He spent €740m to buy Milan from Silvio Berlusconi, who had been at the helm for over 30 years, but was only able to complete the purchase via a massive high-interest loan from vulture fund Elliott Management.

Now it’s claimed Yonghong Li not only can’t repay that loan, but he is also being sued for unpaid debts by two banks and the tribunal will put his assets up for auction via Taobao.

The Corriere della Sera reports Yonghong Li only had €100m of his own assets to begin with, funding the purchase through €300m from Elliott and €340m in offshore funds.

The timing outlined by the report suggests Yonghong Li was already insolvent by the time he was completing the Milan takeover in April 2017 and the original ruling to sell Zhuhai Zhongfu came in February 2017, but was held up by appeals.

 

[thepharoah 2,413]

very harsh news for Milan fans , after the team was back on track in Serie A or Europa League recently

[hckošice 16,571]

3 hours ago, Gianlu33 said:

I usually to watch the italian 4th division and hey, we are around 3000-4000 people on the sets in a city of 50.000 habitants  

 

ya, well, in fact in our 4th division there also much more spectators around the field than in 1st league in the stands

[De_Gambassi 1,367]

Il y a 4 heures , hckosice a déclaré:

The most useless Football competition in the world, the Slovak National league restarted it´s 2nd part of the season (the return matches) this weekend with the match Zlaté Moravce - Spartak Trnava...

 

lately we notice complaints of our clubs about still much more negative attendance records in our games. Well, yeah, it´s not that the matches are always "played" in front of empty (mostly archaic) stadiums with absolute zero comfort + the very poor level of play logically result in a total disinterest of the public..but they still manage to put it another level, I wonder which genius had the brilliant idea to restart the season mid february.   I guess it´s to finish the season in time before the world cup preparations can start...oh wait

 

 

 

http://www.european-football-statistics.co.uk/attn/avesvk.htm

 

Sub 1,000 attendance in first league 

[hckošice 16,571]

2 minutes ago, De_Gambassi said:

 

http://www.european-football-statistics.co.uk/attn/avesvk.htm

 

Sub 1,000 attendance in first league 

 

I´ll not take these statistics too much seriously, this general average not reflect the general reality at all.

 

yes Dunajská Streda is an exception that we can only hardly count, it is a team with strong Hungarian minorities (having basically every match problems with Nationalistic and anti-Slovaks (anti-Slaves) manifestations + their matches are strongly attended by Hungarian fans from the most famous and considered dangerous fans crews

 

but yes in overall I agree about the atmosphere. it must be great there...even if it is a bit hard to take that in your national championship peoples are singing Hungarian anthems and booing the slovakian

 

 

 

 

but for other clubs the attendance is just humiliating for example Slovan Bratislava considered as the phare club of the country, the most famous, the most succesfull etc...etc... blablabla...even winner of European CWC 1969 against Barcelona 3-2 had this season almost half of home games played under 500 spectators   the most memorable against Michalovce in front of 291 peoples following the game from the stands

 

 

 

one can start to ask, for who this competition is even played ? why not to save the money and bring it to the hockey, we start to really need it more and more

 

 

 

 

[bestmen 2,917]

look at this fight in Brazil , 10 red cards  in 1 match

 

[carivan 73]

Saddest (and funniest) thing is that the press had dubbed that game "the peace derby" before the start.

[thepharoah 2,413]

Wigan from 2nd division has knocked out Man City from FA cup after defeating them 1-0 today , which means no quadruple for Man City 

[carivan 73]

hace 16 minutos, thepharoah said:

Wigan from 2nd division has knocked out Man City from FA cup after defeating them 1-0 today , which means no quadruple for Man City 

 

Wigan is actually third division, lol

 

Buh-bye Citeh

[thepharoah 2,413]

4 minutes ago, carivan said:

 

Wigan is actually third division, lol

 

Buh-bye Citeh

 

yeah , but in England 2nd division is called Championship , so 3rd division is 2nd 

 

edit : it's called league 1 , not 2nd division 

Edited February 19, 2018 by thepharoah