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Paolo Scaroni speaking at the headquarters of the Venezuelan state-owned oil and natural gas company PDVSA in Caracas, on November 22, 2010. (JUAN BARRETO/AFP/Getty Images)

Scaroni named as the new President of the Milan Board of Directors, Fassone and the Chinese have been removed

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Yonghong Li at Mondo Milan Museum at Casa Milan on August 28, 2017. (@acmilan.com)

Yonghong Li: “I was convinced Elliott was a trustworthy investor, I am ready to fight to safeguard my rights”

Meytar Zeevi - 18
Elliot Management Corporation Founder and President, Paul Singer, speaking onstage during The New York Times DealBook Conference at One World Trade Center on December 11, 2014 in New York City. (Photo by Thos Robinson/Getty Images for New York Times)

Elliott: “Ownership and control of the holding company that owns Milan has been transferred to Elliott, our vision is...

Meytar Zeevi - 49
Rocco B. Commisso and Doug Halloway during the 34th Annual Walter Kaitz Foundation Fundraising Dinner at Marriot Marquis Times Square on September 27, 2017 in New York City. (Photo by Larry Busacca/Getty Images for The Walter Kaitz Foundation)

Commisso’s official statement: “It appears that the current ownership of Milan is not willing to conclude a deal on...

Meytar Zeevi - 49
Rocco B. Commisso speaks on stage at the 32nd Annual Walter Kaitz Foundation Fundraising Dinner Hosted By TV One at Marriott Marquis Times Square on September 30, 2015 in New York City. (Photo by Larry Busacca/Getty Images for Walter Kaitz)

Commisso: “The negotiation for Milan’s purchase continues, but will be closed only on my terms, I think I can...

Meytar Zeevi - 25
The UEFA headquarters in Nyon on April 20, 2018. (FABRICE COFFRINI/AFP/Getty Images)

Milan excluded from participating in next year’s Europa League, decision may be appealed to CAS within 10 days

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Marco Fassone and Han Li before Chievo-Milan at Stadio Marc'Antonio Bentegodi on October 25, 2017. (@acmilan.com)

Milan: “We’re ready to pay for errors made in the past but judgement must be based on facts and...

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Chicago Cubs owner Thomas S. Ricketts interviewed after the Chicago Cubs defeated the Los Angeles Dodgers 5-0 in game six of the National League Championship Series to advance to the World Series against the Cleveland Indians at Wrigley Field on October 22, 2016 in Chicago, Illinois. (Photo by Jamie Squire/Getty Images)

The Ricketts family: “We are interested in buying a controlling stake at Milan”, negotiations said to be advanced

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Yonghong Li at Milanello on March 5, 2018. (@acmilan.com)

Uncertainty the barrier to optimism at Milan

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Milan's headquarters Casa Milan on April 14, 2017. (MIGUEL MEDINA/AFP/Getty Images)

UEFA officially decide to reject Milan’s request for a Settlement Agreement, a hearing will be held in June

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