But Napoli players didn't win anything, they still hungry, unlike old ass milan players.
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Serie A 2017/18 (109 Viewers)
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Report: Bank rejects Milan guarantees
By Football Italia staff
It’s reported Banco BPM has rejected Milan’s guarantees to access financial bonds, so Leonardo Bonucci and Lucas Biglia still can’t be registered.
The Rossoneri signed both players last month for €42m and around €17m, but while their contracts have been deposited with the Lega Serie A, they haven’t been properly registered yet.
CEO Marco Fassone assured that the requisite bonds would be deposited on August 11, but Calcio e Finanza reports that the club is struggling to access funds.
The website reports that Milan approached Banco BPM, one of their sponsors, but the bank refused to issue any guarantees.
It’s common practice for Serie A clubs, whose budgets often run at a deficit, to obtain bonds from banks; offset against assets, future revenues, property or other things.
The problem for the Rossoneri and their owners is that almost all of their assets are collateral for the loan granted by US hedge fund Elliott Management, which effectively financed the takeover.
These are said to include intellectual property rights - i.e trademarks -, next season’s television money and 100 per cent of the company Milan Entertainment S.r.l.
Banco BPM has therefore told the club that they must either remove some of those assets from the Elliott deal and turn them over to BPM, or find an international bank to provide guarantees.
The FIGC’s COMUNICATO UFFICIALE N. 175/A states that any guarantees must come from a company holding an A3 rating with Moody’s, an A- with Standard & Poor’s or a Good rating with Agenzia A.M; or an equivalent rating from other global agencies.
In addition, bonds for transfers completed by July 31 must be deposited by August 11.
Failure to deposit the bonds would not mean Bonucci and Biglia will return to their previous clubs, Juventus and Lazio, but they can’t play until the situation is resolved.
Nice
#Wearesorich
By Football Italia staff
It’s reported Banco BPM has rejected Milan’s guarantees to access financial bonds, so Leonardo Bonucci and Lucas Biglia still can’t be registered.
The Rossoneri signed both players last month for €42m and around €17m, but while their contracts have been deposited with the Lega Serie A, they haven’t been properly registered yet.
CEO Marco Fassone assured that the requisite bonds would be deposited on August 11, but Calcio e Finanza reports that the club is struggling to access funds.
The website reports that Milan approached Banco BPM, one of their sponsors, but the bank refused to issue any guarantees.
It’s common practice for Serie A clubs, whose budgets often run at a deficit, to obtain bonds from banks; offset against assets, future revenues, property or other things.
The problem for the Rossoneri and their owners is that almost all of their assets are collateral for the loan granted by US hedge fund Elliott Management, which effectively financed the takeover.
These are said to include intellectual property rights - i.e trademarks -, next season’s television money and 100 per cent of the company Milan Entertainment S.r.l.
Banco BPM has therefore told the club that they must either remove some of those assets from the Elliott deal and turn them over to BPM, or find an international bank to provide guarantees.
The FIGC’s COMUNICATO UFFICIALE N. 175/A states that any guarantees must come from a company holding an A3 rating with Moody’s, an A- with Standard & Poor’s or a Good rating with Agenzia A.M; or an equivalent rating from other global agencies.
In addition, bonds for transfers completed by July 31 must be deposited by August 11.
Failure to deposit the bonds would not mean Bonucci and Biglia will return to their previous clubs, Juventus and Lazio, but they can’t play until the situation is resolved.
Nice
#Wearesorich
:
Lazio were able to sign Felipe Caicedo as a non-EU player thanks to a little administrative sleight of hand with an ex-Milan youth talent. There are limits on the number of non-EU players that Serie A sides are able to sign and one has to be sold abroad before he can open up that spot for a newcomer.
However, the rules are slightly different for non-EU players who move between Serie A sides. Lazio therefore got around the issue by this morning signing Lo Ameth for free from Milan. Within hours, they had sold him on to Naxxar Lions FC, a club in Malta, therefore creating a non-EU player spot. This is why the Aquile were able to register Caicedo as a non-EU player when he arrived from Espanyol.
Shady business... One question however pops up, dont know what Lo ameth is, but with removing him from their squad to another Serie A team, Milan does not frees up additional non-EU spot for themselves (according to the rules), and they are letting Lazio take him for free? So, what is Milan`s gain here? They help a direct rival for Europa League spot, and they do it for free...?! Yeah, right, there`s more to this story...
However, the rules are slightly different for non-EU players who move between Serie A sides. Lazio therefore got around the issue by this morning signing Lo Ameth for free from Milan. Within hours, they had sold him on to Naxxar Lions FC, a club in Malta, therefore creating a non-EU player spot. This is why the Aquile were able to register Caicedo as a non-EU player when he arrived from Espanyol.
Shady business... One question however pops up, dont know what Lo ameth is, but with removing him from their squad to another Serie A team, Milan does not frees up additional non-EU spot for themselves (according to the rules), and they are letting Lazio take him for free? So, what is Milan`s gain here? They help a direct rival for Europa League spot, and they do it for free...?! Yeah, right, there`s more to this story...
Napoli can't defend, therefore they won't win the Scudetto no matter how many goals they score. No team whose best options at CB are Koulibaly and Albiol is going to go all the way to the top in Italy.
Anyway, in unrelated but highly hilarious news, the umpteenth overpriced Inter bidone wants out. Football Italia:
I know loads of teams will be dying to shell out €25-30m for Kondogbia. After all, what other player in world football is capable of this:
Anyone remember all the talk about how he was supposed to make everyone forget about Pogba?
Anyway, in unrelated but highly hilarious news, the umpteenth overpriced Inter bidone wants out. Football Italia:
I know loads of teams will be dying to shell out €25-30m for Kondogbia. After all, what other player in world football is capable of this:
Anyone remember all the talk about how he was supposed to make everyone forget about Pogba?
Report: Bank rejects Milan guarantees
By Football Italia staff
It’s reported Banco BPM has rejected Milan’s guarantees to access financial bonds, so Leonardo Bonucci and Lucas Biglia still can’t be registered.
The Rossoneri signed both players last month for €42m and around €17m, but while their contracts have been deposited with the Lega Serie A, they haven’t been properly registered yet.
CEO Marco Fassone assured that the requisite bonds would be deposited on August 11, but Calcio e Finanza reports that the club is struggling to access funds.
The website reports that Milan approached Banco BPM, one of their sponsors, but the bank refused to issue any guarantees.
It’s common practice for Serie A clubs, whose budgets often run at a deficit, to obtain bonds from banks; offset against assets, future revenues, property or other things.
The problem for the Rossoneri and their owners is that almost all of their assets are collateral for the loan granted by US hedge fund Elliott Management, which effectively financed the takeover.
These are said to include intellectual property rights - i.e trademarks -, next season’s television money and 100 per cent of the company Milan Entertainment S.r.l.
Banco BPM has therefore told the club that they must either remove some of those assets from the Elliott deal and turn them over to BPM, or find an international bank to provide guarantees.
The FIGC’s COMUNICATO UFFICIALE N. 175/A states that any guarantees must come from a company holding an A3 rating with Moody’s, an A- with Standard & Poor’s or a Good rating with Agenzia A.M; or an equivalent rating from other global agencies.
In addition, bonds for transfers completed by July 31 must be deposited by August 11.
Failure to deposit the bonds would not mean Bonucci and Biglia will return to their previous clubs, Juventus and Lazio, but they can’t play until the situation is resolved.
Nice #Wearesorich
By Football Italia staff
It’s reported Banco BPM has rejected Milan’s guarantees to access financial bonds, so Leonardo Bonucci and Lucas Biglia still can’t be registered.
The Rossoneri signed both players last month for €42m and around €17m, but while their contracts have been deposited with the Lega Serie A, they haven’t been properly registered yet.
CEO Marco Fassone assured that the requisite bonds would be deposited on August 11, but Calcio e Finanza reports that the club is struggling to access funds.
The website reports that Milan approached Banco BPM, one of their sponsors, but the bank refused to issue any guarantees.
It’s common practice for Serie A clubs, whose budgets often run at a deficit, to obtain bonds from banks; offset against assets, future revenues, property or other things.
The problem for the Rossoneri and their owners is that almost all of their assets are collateral for the loan granted by US hedge fund Elliott Management, which effectively financed the takeover.
These are said to include intellectual property rights - i.e trademarks -, next season’s television money and 100 per cent of the company Milan Entertainment S.r.l.
Banco BPM has therefore told the club that they must either remove some of those assets from the Elliott deal and turn them over to BPM, or find an international bank to provide guarantees.
The FIGC’s COMUNICATO UFFICIALE N. 175/A states that any guarantees must come from a company holding an A3 rating with Moody’s, an A- with Standard & Poor’s or a Good rating with Agenzia A.M; or an equivalent rating from other global agencies.
In addition, bonds for transfers completed by July 31 must be deposited by August 11.
Failure to deposit the bonds would not mean Bonucci and Biglia will return to their previous clubs, Juventus and Lazio, but they can’t play until the situation is resolved.
Nice
#Wearesorich
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