At last, Yonghong Li’s Rossoneri Sport Investment Lux has completed the purchase of AC Milan from Silvio Berlusconi’s Fininvest. The deal values AC Milan at 740 million euros, which includes the club’s debt of 220 million.
Giorgio Chiellini has had a good go of this "professional footballer" thing but everyone knows the real money is in business. That's why it was a wise choice for Chiellini to set himself up for the future by getting his MBA from the University of Turin.
Many doors have opened with this degree. Chiellini can go into finance, sales, marketing, management, systems analysis, systems administration, operations or even entrepreneurship.
The USA, Mexico and Canada have reportedly agreed to submit a joint bid for the 2026 World Cup at the CONCACAF conference this weekend.
Soccer fans know that the outcome of a match doesn’t always reflect what transpired on the pitch. Talking heads have long debated whether a team was lucky to win or unlucky to lose, often with little substantial proof to argue against the scoreboard. The expected goals statistic (xG) has changed that, equipping soccer enthusiasts with a metric for “what should've happened.”
U.S. Soccer and the U.S. women’s national team have come to terms on a new collective bargaining agreement after months of uncertainty and advocacy. The five-year deal will cover both the 2019 FIFA Women’s World Cup and the 2020 Olympics.
U.S. Soccer and the USWNT Players Association ratify collective bargaining agreement through 2021.
The drawn out sale of AC Milan has seemingly reached a breakthrough. Elliott Management, a United States-based hedge fund, has agreed to finance a large portion of the remaining capital owed to Silvio Berlusconi’s current ownership group Fininvest. Elliott has provided an essential assist to Rossoneri Sport Investment Lux (sharing AC Milan’s nickname but unrelated to the club), Chinese investor Yonghong Li’s investment vehicle leading the AC Milan purchase.
MLS team valuations have soared in recent years, with the average now at $185 million according to Forbes, but the league is still a long way from fielding a product that competes with the upper-tier of European leagues.
Are you gripped with International Champions Cup fever yet? Because Miami sure as hell is — or at least ticket sellers on the secondary market are. Miami’s newly refurbished Hard Rock Stadium will play host to the second-ever meeting outside of Spain between Real Madrid and Barcelona on July 29 in the ICC.
As a new MLS season approaches, we've been informed of some points of emphasis that league officials will look to clamp down on in 2017. The Professional Referee Organization (PRO) general manager Peter Walton said that the four points of emphasis that MLS referees will focus on for the upcoming season are: holding and pushing in the penalty area, acts of visual dissent, delayed restarts and persistent infringement.