AC Milan is open to settlement over financial fair play

The clubs was bought from Silvio Berlusconi (Pictured) for $800 million in April (AP/Antonio Calanni)
Updated 07 December 2017
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AC Milan is open to settlement over financial fair play

MILAN: AC Milan says it is open to a “settlement agreement” with UEFA over a financial fair play investigation that threatens to derail the plans of the club’s new Chinese owners.
The Gazzetta dello Sport reports that UEFA’s club financial control body will turn down Milan’s offer of a “voluntary agreement” to seek more credit.
A club statement says, “Milan has always declared itself ready to face the other side of the coin, which is the settlement agreement.”
While Milan spent more than 200 million euros (nearly $250 million) on new players in the offseason, there have been questions about the financial stability of the Chinese-led consortium that purchased the club from Silvio Berlusconi for $800 million in April.
Milan reportedly had losses of 255 million euros over the past three years.


Philippine army arrests wife of top Islamist militant in south

Updated 35 sec ago
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Philippine army arrests wife of top Islamist militant in south

MANILA: Philippine soldiers arrested the wife of a top leader of a pro-Daesh militant group, and killed a suspected bomber in separate raids in a southern city, the army said on Monday.
Nafisa Pundog, who had been in hiding for two years since her escape from prison, was arrested in General Santos City, said army spokesman Major Ezra Balagtey.
Her husband Human Abdul Najib, alias Abu Dar, is the new leader of the pro-Daesh Maute group, which seized the lakeside town of Marawi for five months last year, he added.
“She did not resist arrest,” Balagtey told reporters, adding that materials to make improvised bombs were seized from her hideout.
Before the arrest, soldiers killed Najib Pundog, a suspected bomb maker, not far from the hideout. “He chose to shoot it out with soldiers who tracked him down in his safe house,” Balagtey said.
Both individuals, who are not related, despite a shared surname, were on a list of those President Rodrigo Duterte ordered to be arrested when he imposed martial law on the southern island of Mindanao after the Marawi attack in May 2017.
More than 1,100 people died in the five-month conflict in Marawi, which ended days after soldiers killed the militant leaders, Omarkhayam Maute and Isnilon Hapilon, the emir of the Southeast Asian militant group.