AC Milan & Elliott Management's "Vulture Fund"

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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

Пікірлер: 345

@MTxD 5 жыл бұрын

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

@MTxD 5 жыл бұрын

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

@MTxD 5 жыл бұрын

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

@aimannazmi7198 5 жыл бұрын

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

@MTxD 5 жыл бұрын

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 5 жыл бұрын

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

@ridhwaanquasem7626 5 жыл бұрын

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

@sharpshooter1310 5 жыл бұрын

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 5 жыл бұрын

lol i stop the vid and went straight to the comments

@RobFera 5 жыл бұрын

Silvio "Bunga Bunga" Berlusconi :D 0:20

@jacobrojo2902 5 жыл бұрын

I hope this video goes viral

@TemiToba 5 жыл бұрын

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

@rererenchon1 5 жыл бұрын

Best informative football channel on KZfaq🙌

@bigwhoop6018 5 жыл бұрын

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 5 жыл бұрын

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

@judinkinds8307 5 жыл бұрын

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

@biciobiciobicio 5 жыл бұрын

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

@sushilsalins3576 5 жыл бұрын

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

@TobisGhostlyshop 5 жыл бұрын

Big Whoop agree and hope so

@intpineedtherapyplease5792 5 жыл бұрын

Awesome content guys!

@ricardoramirez898 5 жыл бұрын

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

@Tifo 5 жыл бұрын

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 5 жыл бұрын

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

@paradoxal5905 5 жыл бұрын

Forgotten? Lmao

@ricardoramirez898 5 жыл бұрын

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 5 жыл бұрын

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.

@roypiper581 4 жыл бұрын

Vultures actually have an important place in the food chain.

@alexmarshall4854 5 жыл бұрын

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 5 жыл бұрын

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 5 жыл бұрын

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.

@s1hl3 5 жыл бұрын

This the best channel on KZfaq.

@dancariaz 5 жыл бұрын

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

@forkingthegoal7186 5 жыл бұрын

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 5 жыл бұрын

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

@J00rcek 5 жыл бұрын

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 5 жыл бұрын

dancariaz its called bussiness

@J00rcek 5 жыл бұрын

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.

@Philosific 2 жыл бұрын

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.

@ikeownscharizards 5 жыл бұрын

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

@sihlemaseko9441 5 жыл бұрын

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

@nicleo2339 5 жыл бұрын

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

@jkhawaja1 5 жыл бұрын

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

@vittoriofioravanti2493 5 жыл бұрын

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 5 жыл бұрын

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 5 жыл бұрын

Blatant predatory tactic manipulating desperate economies. Immoral.

@craigseddon4884 5 жыл бұрын

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 5 жыл бұрын

@@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.

@redstark33 5 жыл бұрын

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

@soumennath8354 5 жыл бұрын

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

@jeevanraj619 5 жыл бұрын

Silvio "Bungo Bungo" Berlusconi ??

@MVveltro 5 жыл бұрын

search for him on wikipedia mate ;)

@Salisboury 5 жыл бұрын

Bunga Bunga*

@zaidmohd699 5 жыл бұрын

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

@rahulpurohit9612 5 жыл бұрын

Again a good videos

@rafael471992 5 жыл бұрын

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

@DERLEICHENTOETER 5 жыл бұрын

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

@muhammadnaviszuhud4238 4 жыл бұрын

They're doing a good job so far

@niespeludo 5 жыл бұрын

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.

@ibrusidd9608 5 жыл бұрын

Wonderful content, investigation & research done. Top job 👌

@eliaalovisi3511 5 жыл бұрын

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.

@thciswack99 5 жыл бұрын

Phenomenal breakdown of situation!

@jamesfreidman 5 жыл бұрын

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.

@hottting 5 жыл бұрын

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

@RewindThaMedia 5 жыл бұрын

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

@kartikeyareddy3227 5 жыл бұрын

So much effort in one vid🙌

@Whelan102 5 жыл бұрын

This is the best video from your channel

@peaboss 5 жыл бұрын

Good stuff, well done.

@willrivaldo 5 жыл бұрын

Great video. Thank you

@pablovint 4 жыл бұрын

One of your best videos!

@palbalint-procreate 5 жыл бұрын

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.

@cristobalcosta1132 5 жыл бұрын

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

@JoseGonzalez-hp2to 5 жыл бұрын

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

@sauravaryal5060 5 жыл бұрын

Just wow

@EveryOtherWeekendRVA 5 жыл бұрын

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

@Mohamed-jb9yx 4 жыл бұрын

@@EveryOtherWeekendRVA They are evil

@EveryOtherWeekendRVA 4 жыл бұрын

Mohamed Ali more like kick ass

@scopelynx5170 5 жыл бұрын

What a video!

@hunkkwoizer6653 5 жыл бұрын

this channel is beyond amazing!!

@elienaddour7632 5 жыл бұрын

GREAT VIDEO TIFO I KNOW I WATCHED IT LATE

@davidthomson3867 5 жыл бұрын

Love these videos. Football and business my two favourite things

@MontyB97 5 жыл бұрын

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

@whatchachattin 5 жыл бұрын

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

@richardjames4894 4 жыл бұрын

Great content ..

@merzibow 4 жыл бұрын

well made, this not expect this level of information.

@gillesdc 5 жыл бұрын

Excellent video.

@brawmedia 5 жыл бұрын

Glad milan are stable again . Hopefully Good times ahead

@underlego 5 жыл бұрын

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

@nitsujrandazzo 5 жыл бұрын

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

@amangoel0007 5 жыл бұрын

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

@meghnadar9068 5 жыл бұрын

How do you always be that good Absolutely phenomenal 👌👌

@199019852007 5 жыл бұрын

Brilliant

@ranga8612 5 жыл бұрын

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

@holymackenaw 5 жыл бұрын

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

@andrew7taylor 5 жыл бұрын

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 5 жыл бұрын

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 4 жыл бұрын

@@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.

@carnera1990 5 жыл бұрын

Massive like for the vulture drawing !

@fahada1921 5 жыл бұрын

This is fantastic

@abdielpalma4736 5 жыл бұрын

Excelente!

@JakeCollinson 5 жыл бұрын

Interesting video lads & lasses

@MichaelHolmgaard 5 жыл бұрын

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 ;)

@FlapjackGTHD 5 жыл бұрын

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

@emmajovia4001 5 жыл бұрын

Bro you re d best

@tiely13 5 жыл бұрын

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!

@nyek6080 5 жыл бұрын

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

@nickgall6098 5 жыл бұрын

This video is perfect

@biciobiciobicio 5 жыл бұрын

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

@Kushagra.j 5 жыл бұрын

Oh the glory days of Milan!

@anasyahaya6982 4 жыл бұрын

"Silvio bonga bonga "lol bro

@solshields 5 жыл бұрын

Someone needs to make a movie about this

@Sebparra89 5 жыл бұрын

You guys should do one on Suning and Inter

@danielpaganin6871 5 жыл бұрын

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.

@maxpayne6019 5 жыл бұрын

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

@zambokid89 5 жыл бұрын

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........

@SonicSP 4 жыл бұрын

5:23 The acquiring of the debt is fair by Elliot as is the demand of full repayment. Argentina borrowed money, and because of huge mismanagement by the country itself is unable to pay back that debt. That debt was sold off by investors (because they needed the liquidity or cut their losses) and bought fairly by Elliot who demanded full payment. The moment he bought the bond, he took full risk of the potential lost non payment. So this video insistence of Argentina being a victim is pure BS, especially by a channel who clearly knows how finance works, just letting their morals clouding their objective judgment. The reason why you have bonds be sellable and buyable in the first place is so investors can quickly trade between a slow long term paying asset and liquidity based on the situation. Without second hand bond markets, interest rates demanded on the original bond will be far higher - so good luck trying get anyone to lend you money in the first place. Try building schools with no financing and see where that gets you. There's a very good reason why Argentina, a rich country 80-100 years ago,has been in economic crisis for decades, it is because of reckless policy of paying off citizens with pork barraling during elections. Yes, government needs to spend money to keep the country living healthily but spend it wrongly or badly and you will have the effects going on for generstiins afterwards. As such balancing between comfort and reality is key.

@jkhawaja1 5 жыл бұрын

very interesting.

@uchakavalishvili1706 5 жыл бұрын

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

@AzuarARazak 5 жыл бұрын

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

@muhammadnaviszuhud4238 4 жыл бұрын

Make a video about Suning in Inter, please.

@brosephyolonarovichstalin2915 5 жыл бұрын

This guy makes a Simon Cowell record contract look generous.

@jamesrogers9887 5 жыл бұрын

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

@calzirongaming1332 5 жыл бұрын

Make a video on Everton’s transfer window.

@vishnuvijaykumar2489 3 жыл бұрын

What is the actual name of that banned book?

@natdx6369 5 жыл бұрын

Merci wiloo

@Piaaar91 5 жыл бұрын

Dommage que ce soit de l'anglais

@3lrancho 5 жыл бұрын

Bungabunga berlisconni. 😂😂😂😂

@parasjain6760 5 жыл бұрын

I loved it

@tumalditamadresita Жыл бұрын

Greed is good bring AC back to its glory days

@TheStanFTW 5 жыл бұрын

I don't condone Elliotts business practices, but Milan need to be ruthless in order to get back into the CL and compete with Juventus Elliott Managment will make them profitable and world-class over the next 3-5 years

@andrew7taylor 5 жыл бұрын

I don't think so. Even Elliott said that they don't want to own the club, it was just forced onto them. If history has taught us anything is that they're going to do the usual thing with them. Gut the team, sell the best players (Bonucci), lower their wage budget and when they reach profitability on the basis of brand loyalty, sell the team to someone else who will maybe build the club up again.

@TheStanFTW 5 жыл бұрын

andrew7taylor they could do, but I hope they make them a top team then sell them for billions But probably not as you said :(

@FuckFeminists 5 жыл бұрын

You can watch a video about a company destroying Argentina, Peru, and an African country (Congo?) to make an extra few billion dollars by praying on the poorest...and then say 'but anyway, I wish them luck with the football club'?! Thank god I dont know you.

@TheStanFTW 5 жыл бұрын

Stan Dando they were praying on corrupt politicians that were draining the public funds...? Not saying it's just or anything, but they knew the consequences of selling debt etc (P.s. I don't know how all that international debt politics works, just a fan of football)

@arvind6821 5 жыл бұрын

If they wanted to do that, they wouldn't have signed Higuain or renewed a bunch of other players' contracts like Kessie. They only spend around €350m on a property worth over €700m. The plan they submitted to TAS and UEFA is a 3-year one. They'll spend early and make the club competitive again before selling at close to €1bn.

@michelepizzaballa4646 5 жыл бұрын

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.

@aureliano_37 8 күн бұрын

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

@JiteshShahani 5 жыл бұрын

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

@awsalkindi9328 5 жыл бұрын

At the end is this a good thing for Milan long term???

@xhakaa 5 жыл бұрын

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

@user-iv1nx5ik5f 5 жыл бұрын

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

@thegoodgunner 5 жыл бұрын

that s about most chinese owner in europe end up 1or 2 years big spending or no spending at all, with club ending near bankrut if they are lucky i cant even name on chinese takeover of club who finish well over europe its nearly impossible to know if they have actually enough money as we have no access to china (or whatever their gov allow us to)

@t-manthedude9114 5 жыл бұрын

"Big spending" or shielding some of their wealth from the Chinese authorities. Some use shell companies and Carribean tax havens whilst some are using sport teams.