AC Milan & Elliott Management's "Vulture Fund"

AC Milan & Elliott Management's "Vulture Fund"
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When reports emerged that AC Milan was the subject of a takeover back in 2016, it appeared that the Rossoneri was just the latest (and biggest) acquisition in a slew of big money club purchases emanating from China.
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#acmilan #vulturefund #elliottmanagement

[@MTxD]

I learnt more about finance in football-related videos than the finance-related videos itself.

[@MTxD]

The German "fifty plus one" rule should be implemented otherwise clubs would become cash cow for the American owners.

[@MTxD]

Bundesliga has the lowest ticket price among the top 5 Europian domestic leagues.

[@aimannazmi7198]

The German rule had been beaten by Red Bull though...

[@MTxD]

Aiman Nazmi, you are partially correct otherwise we will be watching Redbull Leipzig instead of RB Leipzig. Secondly, even though its not their fans who owns majority shareholder still the maojrity shareholders are individuals.

[@aimannazmi7198]

Well, if you call Red Bull affiliates as individuals you are correct I guess.

[@ridhwaanquasem7626]

Doesn't even made sense how this channel is so good

[@sharpshooter1310]

Omfg, I died at 0:20 ... fantastic job, one of the few football channels that are brilliant, creative and smart and not repeatedly spitting out top 10s!

[@MechaMeister]

lol i stop the vid and went straight to the comments

[@RobFera]

Silvio "Bunga Bunga" Berlusconi :D 0:20

[@TemiToba]

WoW, Thank you Tifo. This is beyond football, it is education on a whole new level.

[@jacobrojo2902]

I hope this video goes viral

[@rererenchon1]

Best informative football channel on KZbin🙌

[@bigwhoop6018]

I think what Elliot is trying to do is economically stabelize AC Milan, make the most out the club and then sell it for profit. This means getting the club back to the CL and building a competitive team that can, at least, compete in the league.

[@larkstonguesinaspic4814]

Big Whoop Funny thing is they got a club worth 750 million, for only 300 million. They already made profit. Great business

[@judinkinds8307]

then what will happen to the mgmt after they sell it in the future?

[@biciobiciobicio]

yep. I think we will see some pro-Milan referee decisions along the way.

[@sushilsalins3576]

Exactly. They are already in profit and without any debt.

[@TobisGhostlyshop]

Big Whoop agree and hope so

[@intpineedtherapyplease5792]

Awesome content guys!

[@ricardoramirez898]

Amazing content as always! Would appreciate it if you could do a tactical profile on Ricardo Kaka. In my opinion, a forgotten genius.

[@Tifo]

Ricardo Ramirez have passed on your request to the production team. Not a guarantee it will be made, but they are aware of your request.

[@ricardoramirez898]

Tifo Football totally understand, and make sure you guys keep up the amazing content. 👍🏽

[@paradoxal5905]

Forgotten? Lmao

[@ricardoramirez898]

Paradoxal I recently turned 18 and most people my age don’t necessarily remember who came before Ronaldo and Messi. Obviously a player of his quality isn’t really “forgotten.”

[@paradoxal5905]

Im turning 18 tomorrow lol, I do see what your saying. Its a shame Milan are still struggling to get into european competition these past few years.

[@s1hl3]

This the best channel on KZbin.

[@alexmarshall4854]

amazing video, i never would of thought that even a club so rich in history and background could fall into such a disjointed way of getting by with money

[@forkingthegoal7186]

the downfall of italy was cemented with the Calciopoli scandal. A Scandal that big destroys anything and everything and everybody. funny is that Juve ( the main culprit) where the first to rise from the ashes the fastest and comeback the strongest.

[@andrew7taylor]

Calciopoli was one of the symptoms of the disfunctions in Italian football indeed. But the reasons of it were the culprits of the downfall of Serie A. 1, At the time, they didn't a collective tv contract, each team sold their own matches, so there was a wide inequality. Even mid-table teams barely got by, so players had to do "a little extra" to get paid themselves. 2, Even to this day, Italian clubs don't own the stadiums, city councils do. So they can't maintain them to prevent them to fall into disuse, can't hold concerts, can't hold stadium tours, can't sell naming rights, can't build VIP seats and sell skyboxes. All those things that all other continental clubs do, they can't, and that's a very big competitive disadvantage. This way, relagating Juve to Serie B may have been a blessing in disguise for them, for it allowed them to put their money into their own stadium without the fans pressuring the club for instant results. And that allowed them to financially dominate the league while all their rivals were left behind.

[@ikeownscharizards]

Honestly one of the best videos on your channel, I feel like I learned a lot on them in such short time

[@sihlemaseko9441]

Your content is amazing I've got deeper understanding of the game

[@nicleo2339]

Can you guys make a video of the owners of Fulham?

[@jkhawaja1]

pretty sure I saw shad khan falling asleep during the Fulham season opener.

[@redstark33]

One of the most informative and best channels on youtube! Keep up the great work lads!

[@niespeludo]

Quite simply the best football channel, TV/internet or otherwise, top notch content. Would you guys do a recommended literature video? I know by watching your content that you guys have at least read inverting the pyramid and soccernomics as well as a bunch of more financially driven books and a couple of autobiographies but I'd love to read books to gain the same level of insight you guys have.

[@Philosific]

AC Milan is sitting at 1st 3 years later and looking like they will be winning Serie A. Looks like value created to me. Club is better for it.

[@roypiper581]

Vultures actually have an important place in the food chain.

[@eliaalovisi3511]

Wow. Coming from an Italian, thank you for this - each and every AC Milan fan should watch and understand this, you guys should have Italian subs for this one.

[@jamesfreidman]

You've always been such an extremely intellectual channel but this video surpasses any financial anaylsis previously covered. Hats off Tifo, you've done it again.

[@soumennath8354]

Forza Milan! Thanks for talking about this amazing club! Don't worry we will be back to our glory days soon.

[@rafael471992]

Excellent and informative video lads. Better work than most journalists out there condensed in a single vid.

[@ibrusidd9608]

Wonderful content, investigation & research done. Top job 👌

[@hottting]

You did a brilliant job. Keep up the good work, be consistent with such quality and you'll be successful

[@rahulpurohit9612]

Again a good videos

[@vittoriofioravanti2493]

He will own Milan long enough to stabilize the club, generate positive cash flow and increase its resale value. This could take anywhere between 1 to 5 years, who knows. The controversy aside, Paul Singer and company are determined to bring Milan back up to top flight, starting from executive and directorial appointees all the way to field personnel. As a Milan fan, I'm stoked!

[@craigseddon4884]

Paul Singer was painted in a very bad light in this video, demanding government bonds are paid in full isn't immoral, it is the specific purpose of them and what should happen in the first place. He just capitalises on other institutional investors panic selling their bonds, he has the balls to challenge those countries and he is rewarded with huge returns. Why should investors concede and lose $60 billion because Argentina borrowed $100 billion it can no longer afford to pay back?

[@DirkAndDestroy]

Blatant predatory tactic manipulating desperate economies. Immoral.

[@craigseddon4884]

You think a government being able to borrow $100 billion, piss it up the wall and into their personal accounts, then default on thousands of people devastating their pensions or ISAs is moral? Paul Singer may not be perfect but having him around protects millions of peoples finances from being stolen by corrupt nation states. It is no surprise the countries Singer has chased for money rank amongst the most corrupt in the world.

[@timothystamm3200]

@@craigseddon4884 the administration who made that default was not the administration that ran up the debt nor the administration that had made most of the decisions that led to them deciding to peg Argentina's currency to the U.S. Dollar (the decision blamed for the ultimate 2001 default). Peronists like Kuchner in Argentina usually take rather nasty actions like convincing the rather large Peronist unions to go on a general strike when a politician they disagree with is doing well. The more honest politicians then usually end up in positions where they have to deal with the mess. On the other hand the Peronists can then benefit from the bad appearance of an American hedge fund trying to reposses against them which fuels their narrative that the global elite and especially the Americans are out to get them. Yes it's bad that Argentina takes stupid debts and then under better management they can't repay them, but trying to improve them or just give them just deserts by blatantly profit focused outside interference will just feed into the corrupt politicians game plan. I am suprised the U.S. State Department didn't try and stop Elliot considering how bad it made the U.S. look.

[@DERLEICHENTOETER]

Do the same with inter pls. I want 2 know more about suning

[@muhammadnaviszuhud4238]

They're doing a good job so far

[@palbalint-procreate]

Great video and en excellent channel that you have. I'm not really happy about a vulture fund taking over but their goals are in line with that of the club's and fans'. They will stabilize the club enough to be resold for much higher price and that's a fair deal imho.

[@thciswack99]

Phenomenal breakdown of situation!

[@dancariaz]

it's sad that a shady company like this is allowed to buy a football club.

[@forkingthegoal7186]

There is nothing shady about them. At best they are only cold blooded and "Amoralistic", but everything they do is legal and by the book. Shady are the middle eastern owners, and russian owners - (oil, blood, terrorism, oppression etc...).

[@jonnyvelocity]

Something doesn't have to be illegal to be shady.

[@J00rcek]

With EMC, things are out in the open, we give you money but expect repayment. You agree to the terms, you sign the dotted line, by now you know who you're getting in bed with. This is the opposite of shady. Shady is when people funnel money through countless shells and off-shores, shady is when owners lease empty spaces for astronomical amounts to the teams, not when a guy comes with the terms out in the open and you literally give him consent to financially ravage you a couple of months later. As for buying the sovreign debt: if you have a welfare state so expensive you go broke, perhaps it's time to rethink, not just crank up the ol' printing press

[@carlosalbertofurtado3043]

dancariaz its called bussiness

[@J00rcek]

Elias Bishop-Gait they're deytroying nothing - when these guys come in, the state's economy has been dead for some time - hence the word vulture. Now ac milan was at the mercy of berlusconi when they were in the process of takeover but governments deufalting on their debts only have themselves to blame when creditors want a return on their investment.

[@davidthomson3867]

Love these videos. Football and business my two favourite things

[@Whelan102]

This is the best video from your channel

[@JoseGonzalez-hp2to]

I am huge Milan fan an I love watching your vids tifo football

[@RewindThaMedia]

Great video, could you do an tactical profile of AC Milan under Ancelotti, the other videos on YT are too basic/innacurate?

[@jeevanraj619]

Silvio "Bungo Bungo" Berlusconi ??

[@MVveltro]

search for him on wikipedia mate ;)

[@Salisboury]

Bunga Bunga*

[@zaidmohd699]

He likes hosting bunga bunga parties. Yeah I'm a Milan fan 😂

[@willrivaldo]

Great video. Thank you

[@underlego]

Wow... This was an amazing video man, hope you make a tactics video for ac milan after we finish our mercato

[@kartikeyareddy3227]

So much effort in one vid🙌

[@peaboss]

Good stuff, well done.

[@pablovint]

One of your best videos!

[@nitsujrandazzo]

Great stuff as always. Have you guys thought about doing something on the AS Roma owners?

[@hunkkwoizer6653]

this channel is beyond amazing!!

[@elienaddour7632]

GREAT VIDEO TIFO I KNOW I WATCHED IT LATE

[@merzibow]

well made, this not expect this level of information.

[@amangoel0007]

You can see why Ivan Gazidis wants to jump ship to AC Milan now. Being offered Equity in the club and when sold off to another bidder will garner him Huge profits on his shares in a small amount of time. He is earning around 1.75 m Pounds a year , he will make 5-10x that if he sells off his shares. Makes total sense for him. He has no share-holding at Arsenal so its gonna be worth learning some italian :P

[@scopelynx5170]

What a video!

[@cristobalcosta1132]

I'm from Argentina, and the only irregularity I can see in the video is the "savings were wiped out part". The Argentine government at the time decided to seize the citizens savings to stabilize the country (known as "el corralito"). Although arguments can be made about why the Argentine government did what it did, the hedge/vulture funds operating at the country weren't responsible for that

[@whatchachattin]

in completely unrelated news, Newcastle owner Mike Ashley has made a bid to buy struggling chain House of Fraser while Newcastle also happen to have had an incredibly weak transfer window

[@MontyB97]

Please make a video about how Lucien Favre’s arrival will have an impact on Borussia Dortmund.

[@gillesdc]

Excellent video.

[@brawmedia]

Glad milan are stable again . Hopefully Good times ahead

[@richardjames4894]

Great content ..

[@tiely13]

Damn thats a good video. I thought because of the declaration of new the uefa that ac Milan was saved from that bluffing Chinese by a sell.. didnt know the hedgefund took over. Eager to see what will hapen now!

[@MichaelHolmgaard]

Honestly, this is exactly what Milan needs. Im not a fan of Elliott and their tactics, but these methods are really effective in the short term, and since Elliott are used to rebuilding companies to former glory, I think we will see Milan back to the top in no time ;)

[@sauravaryal5060]

Just wow

[@EveryOtherWeekendRVA]

saurav aryal I know I love this Elliot management group!!

[@Mohamed-jb9yx]

@@EveryOtherWeekendRVA They are evil

[@EveryOtherWeekendRVA]

Mohamed Ali more like kick ass

[@ranga8612]

as a milan fan this makes me very optimistic as they probably will want to get the biggest retutn possible and that means making milan the best they can make it

[@carnera1990]

Massive like for the vulture drawing !

[@meghnadar9068]

How do you always be that good Absolutely phenomenal 👌👌

[@JakeCollinson]

Interesting video lads & lasses

[@fahada1921]

This is fantastic

[@199019852007]

Brilliant

[@biciobiciobicio]

Please make one about the AGNelli family and juventus. Is the longest-lasting dinasty in sports industry.

[@holymackenaw]

so nothing changed, just the Name from Berlusconi to Elliot (Singer).

[@andrew7taylor]

Berlusconi put hunders of millions of euros of his own money into Milan. Elliott won't put a cent in it unless they absolutely need to. This ain't a football fan project for them, it's cold hard business.

[@Grislythrone]

And whats wrong with cold hard business? He has the means to make Milan great, then sell it to someone whose more passionate and can continue to run it at a high level, its what everyone wants

[@dddimi7955]

@@andrew7taylor you must study Who s Silvio.He was Just using dirty money and a incredible.power.He Is not the person you all' think.His wealth came out of nowhere.

[@Sebparra89]

You guys should do one on Suning and Inter

[@jamesrogers9887]

Fantastic video. So interesting (and a little disgusting...)

[@nickgall6098]

This video is perfect

[@maxpayne6019]

awesome, am I allowed to translate this video then upload it?

[@zambokid89]

James, you forgot something very basic!! Ac Milan's owner was Silvio Berlusconi. The change of ownership through Lee was just a perfect money laundering strategy........

[@danielpaganin6871]

As an AC Milan ultra, I am happy that Elliot Management has acquired the club. There is talk (particularly in the comment section) that this will result in lower wages, selling big-name players and exploiting the club's foundation for financial gain; I DO NOT believe so. I believe that the purpose of the deal is definitely financially motivated, however, their approach will be to stabilise the club, re-establish its globally renowned reputation and sell it off to another, more wealthier owner who is looking for Champions League glory. My question to the doubters or those who disagree is "Why would Elliot abuse the club and tarnish its reputation if it does not even allow its employees to have a social media presence?" This would only force them into the limelight and tarnish their already degrading, yet silent reputation. I believe that the purpose of the deal is to re-establish their reputation in the process which will result in more reliability and thus attraction for the company in the future.

[@nyek6080]

Just as we thought ac Milan was finally going to return to there historic stature 😭

[@solshields]

Someone needs to make a movie about this

[@FlapjackGTHD]

Could you do a video on Stan Kroenke again? Now that he could be 100% owner.

[@Kushagra.j]

Oh the glory days of Milan!

[@abdielpalma4736]

Excelente!

[@jkhawaja1]

very interesting.

[@brosephyolonarovichstalin2915]

This guy makes a Simon Cowell record contract look generous.

[@emmajovia4001]

Bro you re d best

[@coachhbosoccer]

Amazing informative videos if you love football and how things work behind the scenes

[@parasjain6760]

I loved it

[@michelepizzaballa4646]

It will be interesting to see how he's going to make a profit out of a football club where everyone knows that it's impossible as all the money you get (sponsorships and tv rights) need to be reinvested in order to stay competitive.

[@muhammadnaviszuhud4238]

Make a video about Suning in Inter, please.

[@AzuarARazak]

💃💃💃...bunga² matahari...eh, silap...bunga² berlusconi..anggun mekar..di taman sari..💃💃💃

[@calzirongaming1332]

Make a video on Everton’s transfer window.

[@anasyahaya6982]

"Silvio bonga bonga "lol bro

[@xhakaa]

after all whats recently happening at arsenal it would be SHOCKING to see gazadis leave arsenal right now

[@tumalditamadresita]

Greed is good bring AC back to its glory days

[@jimethota]

These videos are fucking awesome

[@natdx6369]

Merci wiloo

[@Piaaar91]

Dommage que ce soit de l'anglais

[@JiteshShahani]

Sad to see one of the greatest clubs in Europe in the hands of such a leech. Hope they find a better owner and return to its glory days

[@alangrg4491]

So to make profit Paul singer will most likely spend some to bring A.c. Milan to top European clubs before selling it for $1billion+

[@Eibarwoman]

The footie version of John Spanos who bought the New York Islanders

[@garymathe9863]

Li was a joke. Elliott is stabilizing Milan so they can sell it for a profit. It's good for the club. We already got Leonardo and Maldini back. We signed Higuain, Caldara, etc. and managed to keep Kessie, Donnarumma, Suso etc. Plus we're in the Europa League group stage. Things are looking up.

[@dddimi7955]

No

[@rabi012]

Such a vulture in form of a cryptic person.

[@uchakavalishvili1706]

which software can make similar video animation? can Adobe Anime do it?

[@3lrancho]

Bungabunga berlisconni. 😂😂😂😂

[@user-iv1nx5ik5f]

I feel bad for AC Milan we still need to finish our trilogy final match in the Champions League maybe one day hopefully soon

[@aureliano_37]

Milan's condition was so miserable. Long gone are the glory days of dominating Europe.

[@UchihaObit0]

we're in safe legs Forza Milan

[@xzxz85]

In Brazil clubs are owned by the fans, like Real and Barça in europe. Sometimes we would love to have rich owners, but when I see this sort of shit happening with AC MILAN, I'm glad we don't.