Serie A 2017/18 (49 Viewers)
- Thread starter Azzurri7
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Oh boy, Milan.
1. Bank of Italy has raised 3 red flags of suspected money laundering against AC Milan
2. Italian prosecutors may have opened a money laundering investigation into Milan's acquisition, questioning the high valuation
3. Li Yonghong, the "owner" of Milan, is probably using an alias. There are no records of his birth, and no one seems to know who he is, even in the Chinese mining industry where he is supposedly a big tycoon
4. Li Yonghong is not in the board of the companies he claimed to own (Enson Enterprises and Grand Dragon)
5. Some of the companies used by Li Yonghong to buy Milan are shell companies with empty head offices, including his own head quarters which had a sign on the door from the landlord citing unpaid rent!
6. Li Yonghong's main business (mining) has changed ownership 4 times in the last 1 year, twice without any record of money transactions
7. Li Yonghong's brother and father went to jail for financial fraud
8. Li Yonghong himself has been fined recently by the Chinese govt for failure to disclose deals, and there are accusations of insider trading?
1. Bank of Italy has raised 3 red flags of suspected money laundering against AC Milan
2. Italian prosecutors may have opened a money laundering investigation into Milan's acquisition, questioning the high valuation
3. Li Yonghong, the "owner" of Milan, is probably using an alias. There are no records of his birth, and no one seems to know who he is, even in the Chinese mining industry where he is supposedly a big tycoon
4. Li Yonghong is not in the board of the companies he claimed to own (Enson Enterprises and Grand Dragon)
5. Some of the companies used by Li Yonghong to buy Milan are shell companies with empty head offices, including his own head quarters which had a sign on the door from the landlord citing unpaid rent!
6. Li Yonghong's main business (mining) has changed ownership 4 times in the last 1 year, twice without any record of money transactions
7. Li Yonghong's brother and father went to jail for financial fraud
8. Li Yonghong himself has been fined recently by the Chinese govt for failure to disclose deals, and there are accusations of insider trading?
What blows my mind is Berlu had the guts to sell to those dodgy scrubs without getting to know them and accepted right away their loans. One would have thought he'd have preferred to let Milan in good hands.
Went for straight moneyz instead
Went for straight moneyz instead
That being said, I hope Milan ends for good.
http://www.ilsecoloxix.it/p/italia/2018/01/13/ASw4XiYM-inchiesta_direzione_editoriale.shtml
http://www.ilsecoloxix.it/p/italia/2018/01/13/ASqffLYM-berlusconi_procura_riciclati.shtml
i hope the guys at football-italia read and translate it. my italian isn't good enough for this stuff.
http://www.ilsecoloxix.it/p/italia/2018/01/13/ASqffLYM-berlusconi_procura_riciclati.shtml
i hope the guys at football-italia read and translate it. my italian isn't good enough for this stuff.
New James Richardson podcast on Calcio, featuring James Horncastle and Gab Marcotti. 
https://audioboom.com/posts/6602843-a-wild-night-in-rome
https://audioboom.com/posts/6602843-a-wild-night-in-rome
New James Richardson podcast on Calcio, featuring James Horncastle and Gab Marcotti.
https://audioboom.com/posts/6602843-a-wild-night-in-rome
https://audioboom.com/posts/6602843-a-wild-night-in-rome
Surely not all of these are close to being true. If Li is an alias and nobody knows who he is, how can we know his family went to prison, that he was fined by the government etc.
How can his company have changed ownership when it states in another point that he does not own any companies?
Also, shell companies are normal. We also have our headquaters (Exor) in Amsterdam. You know what this requires by law? A room with a desk and a plant. You could seat a receptionist there and have the rest of the business in Italy, but then pay the Dutch tax rates.
Sure, the deal is shady. Especially the financing, which i believe will bite them in the ass big time, even more so because they aren't getting short term results. Some rumours may have some truth to them, but it is all speculation at the moment. It's fun to see how people react to these rumours compared to rumours about Agnelli/Juve though.
How can his company have changed ownership when it states in another point that he does not own any companies?
Also, shell companies are normal. We also have our headquaters (Exor) in Amsterdam. You know what this requires by law? A room with a desk and a plant. You could seat a receptionist there and have the rest of the business in Italy, but then pay the Dutch tax rates.
Sure, the deal is shady. Especially the financing, which i believe will bite them in the ass big time, even more so because they aren't getting short term results. Some rumours may have some truth to them, but it is all speculation at the moment. It's fun to see how people react to these rumours compared to rumours about Agnelli/Juve though.
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