Davido & Ice Prince Delta Fight: Shina Peller Narrates What Really Happened

Davido & Ice Prince Delta Fight: Shina Peller Narrates What Really Happened
Over the weekend, social media went buzzing with news of a reported beef between Davido and Ice Prince at the Delta Alive concert organised by Quilox boss, Shina Peller.

While Davido and Ice Prince have declined to comment on the issue, LIB was able to get an exclusive chat with Shina Peller, the event organiser who narrated how it all went down.


According to him,

'Ok here's what really happened, my arrangement for the concert was to have a tour bus, so there was no time when anyone had a saloon car. It was a tour bus which everybody was in including myself, my artistes, Lil Kesh, CDQ and everyone just so we are all together to have fun but along the line i found out that Davido had some friends in Warri.'


'Davido was in the same bus with us from the airport to the hotel, he used the same bus from the hotel to Quest FM where we went for an interview before the show. It was at Quest FM his friends came to pick him with a white G-Wagon, I don't even know the owner of the G-Wagon. So he was in his friend's G-Wagon from the radio station to the event venue so it wasn't an issue at all'.'
He was also asked about the issue of performance hierarchy that we learnt got Ice Prince angry because he performed before Lil Kesh and he said, 'now let me shock you, my artiste 'Base One' even performed after Lil kesh, so there was no superiority or hierarchy involved, I just wanted it to be a random event flow.

The event even had two of my waiters at Quilox that sings I got them to perform at the show and we'll still do 3 more of the event before the year runs out'.

He also commented on the issue of both artiste leaving delta State airport in different lounges because of the beef, 'when we were coming back to Lagos, It was Ice Prince that got to be at the VIP lounge, myself, Davido, Lil Kesh and others where outside in a shed with just a standing fan. really it's all one family everything is resolved now.

The only thing that got Davido upset is the fact that he felt Ice Prince was being disrespectful to me not even to him because even Davido didn't complain about any of the logistics issue it was Ice Prince that complained a little that's all'.
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Buhari Writes NASS, Seeks To Borrow $5.851bn For Railway Projects

Buhari Writes NASS, Seeks To Borrow $5.851bn For Railway Projects
Pres. Buhari writes National Assembly, seeks approval to borrow $5.851bn for railway projects 


President Muhammadu Buhari has written a letter to the National Assembly, requesting for approval to borrow $5.851 billion for the upgrade of various sections of the Nigerian railway.

In the letter written separately to Senate President Bukola Saraki and Speaker of the house of representatives Yakubu Dogara, President Buhari asked for speedy consideration of his request so that his administration can access the China-African fund provided in the 2016-2018 external borrowing plan.
According to President Buhari, the loan which is limited, is made open for all countries in the continent and it is award to any country on first come, first service basis. The letter in part reads

“I wish to refer to my earlier letter with respect to the above subject and to inform the distinguished senate that the China Exim bank has approved our request for a loan to execute the Lagos-Kano railway modernisation project, Lagos-Ibadan segment for a sum of $1.231 billion. The China government has also informed us that the approval of the Lagos-Kano railway modernisation project, Kano-Kaduna segment and coastal railway project, the Lagos-Calabar segment are imminent. 

China Exim supported projects; Lagos-Kano modernisation projects, Lagos-Ibadan segment $1.231 billion; Lagos-Kano railway modernisation project, Kano-Kaduna segment $1.146 billion and coastal railway project, the Lagos-Calabar segment 3.474 billion, making a total of 5.851 billion. As you are aware the funds available under the China-African fund are limited and loan applications from all over Africa countries are funded based on first come, first serve and therefore there is an urgent need to sign these loans as soon as they are approved or we may loose out in the event that we delayed in signing the loan agreement. 

These loans form part of the overall money for the rail strategy. We are in the process of completing the concession of the port Harcourt Maiduguri line to immediately link the eastern part of the nation. We fully intend to source further concessioning funding to ultimately upgrade this critical line to high speed standard gauge. These projects form the overall plan to resuscitate the rail transport across the nation and thereby drive inclusive growth”. 


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Mercenaries From Offiong In Cross River Murder Many In Oku Iboku, Akwa Ibom

Mercenaries From Offiong In Cross River Murder Many In Oku Iboku, Akwa Ibom
According to an online user who shared these disturbing photos,the victims pictured below were murdered in Oku Iboku, Akwa Ibom State by mercenaries from Ikot Offiong in Cross Rivers State. 

He called on Federal government to either establish military barracks in the area or do the needful. 

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Chuks Okebata's Father Places N2m Bounty For His Son's Killers

Chuks Okebata's Father Places N2m Bounty For His Son's Killers
The family of Chuks Okebata, a United States of America veteran soldier who was murdered on January 12,2017, at Atta Junction in the Ikeduru Local Government Area of Imo State after he was abducted at his village, Umuduruorie, Mbieri in the Mbaitoli LGA of the state is crying for justice.

At a press conference in Owerri, the state capital on Thursday, the family dangled a N2m reward on anybody that would offer information that would lead to the arrest and prosecution of the killers of their son.

His octogenarian father, Rev Timothy Mbieri, said that though the police had made some arrests, but other killers of his 34 year old son were walking the streets as free men.a

The bereaved father who announced that his slain son would be buried on Monday, April 17, said that the family had resolved to establish a security foundation in honour of his killed son, adding that the killing had dealt his family a heavy blow. 




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Snapchat CEO Says The App Was Only Supposed To Be For Rich People

Snapchat CEO Says The App Was Only Supposed To Be For Rich People
Some interesting new information has come to light In an ongoing lawsuit between Snapchat and an employee who believes
he was wrongfully terminated.
The employee is Anthony Pompliano who was recruited from Facebook to assist the company in growing.
One of his initial concerns was that the
app wasn’t doing too well in overseas countries. When presented with the concern, Snapchat CEO
Evan Spiegal allegedly said that the app is only
for rich people and that he didn’t want to expand into “poor” countries like India and
Spain before storming out of a meeting.
If true, the statement sounds really naive of the CEO now that the company has gone public and has become one of the biggest social networks in the mobile world. Had the app truly only been for rich people, it wouldn’t have seen nearly as much growth and Snapchat wouldn’t have
been able to get to the
point where they could do an IPO. There’s also the matter that there’s
very little “poor” about countries like Spain, and while India may indeed be a developing market, it’s progressing faster than every other major country in the world.
Other allegations Pompliano presented were that the company
was routinely lying about usage numbers, such as 40% customer retention and 87% application turnover, figures which Pompliano
allege were greatly exaggerated, and something that could
cause an issue with advertisers down the
line.
There’s also a note about a shady attempt
to learn about Facebook’s organizational structure despite Pompliano having a known confidentiality
agreement in place, as
well as accusations of Snapchat hindering his ability to find new work by blacklisting him, a practice where former employers wrongly provide bad feedback about an individual to companies looking into
hiring them.
For Snapchat’s end, they contend that Pompliano’s claims about his knowledge of
their “current” user metrics are merely made up. Which Snapchat has fought to keep redacted but recently relaxed their stance in light of their recent IPO.







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Abandoned N449m: Suspect In EFCC Custody, Threatens To Reveal Owner If

Abandoned N449m: Suspect In EFCC Custody, Threatens To Reveal Owner If
Bid by the Economic and Financial Crimes Commission (EFCC) to unmask the owners of the abandoned N449, 000,860 which was abandoned in a shop in Lagos, may have started yielding dividends as a suspect, believed to be Bureau De Change (BDC) operator and who is in the know of the abandoned money has threatened to ‘reveal the real identity’ of the owners of the money.

The suspect, who is alleged to be a BDC operator, also debunked media reports that the recovered money had been stashed in the shop for over two years, insisting that the money was actually moved in on Thursday (April 6).

The suspect also told EFCC operatives upon surrendering himself on April 10 that it would be suicidal for the “owner of the money to abandon the money”. The EFCC had on April 7 swooped on an abandoned shop located in the Nigerian Air Force (NAF) complex, Legico, Ahmadu Bello Way, Victoria Island, Lagos, where reportedly recovered N449, 000, 860 which was hidden inside it.

It was reported that the sting raid was made possible after the commission received a tip off from a whistleblower that a huge sum of money was hidden in the shop, which the detectives confirmed on getting to the shop.

Recounting how the recovered money came into being, the suspect who, according to an EFCC source, is currently cooling off his heels in the anti-graft custody in Lagos, had said he was prepared to reveal the identity of the owner (s) of the money should the owner fail to own up to the ownership of the money.

The EFCC source, who confided in this newspaper, further stated that the suspect after surrendering himself, had threatened to “open up on the real owner of the money, after insisting that that would have happened after the expiration of April 10.”

The source said: “After we (EFCC) busted the N449, 000,860 which was abandoned in a Lagos shop, we intensified our dragnet to unveil the owner of the money, a suspect emerged surrendering himself to the commission by insisting that he knows the owner of the money. This development made us detain him and to further gathered more information concerning the money.

“The suspect made us to understand that the money was apparently moved in on Thursday (April 6) contrary to reports in the media that it had been moved into the shop for over two years.

The suspect said this is untrue. “Surprisingly, the suspect even in the course of interrogation, threatened to reveal the owner of the money should he fail to show up on Tuesday (April 10).”


Meanwhile, efforts to get EFCC’s spokesman, Mr. Wilson Uwujaren, to confirm the story proved abortive. Text messages also sent to two of his telephones lines were similarly not answered as at the time of going to press.

This curiously made the commission to be on the lookout should anybody come up for the money.” The EFCC source also told this newspaper that the suspect, who was already cooperating with the antigraft agency, said the owner of the “money ordered the movement of the cash on Thursday” with the intention of getting it converted into foreigncurrency.

“It is instructive to note that the suspect also opened up that one of the reasons why the money was moved on Thursday in anticipation to get it converted was because the owner was convinced that the money and the shop are safe due to the presence of the Nigerian Air Force complex, which serves as a strong cover up and security,” the EFCC source added further.




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Ikoyi $43 Million: Rivers State Government Claims Ownership

Ikoyi $43 Million: Rivers State Government Claims Ownership
▪Gives FG seven days ultimatum to return the funds diverted by the immediate past Governor

Rivers State Governor has given the Federal Government an ultimatum of 7 days to return the $43million dollars found in a luxury apartment in Ikoyi to the Rivers State Government , failure which the State Government will take legal measures to ensure that it gets back her stolen resources

Governor Wike also declared that the $43million dollars found in the luxury apartment in Ikoyi belongs to the Rivers State Government.
.
Governor Wike said that investigations by the Rivers State Government revealed that the money was proceed from the sale of gas turbines by the immediate past Rivers State Governor, Rotimi Amaechi.

Addressing journalists at the Government House, Port Harcourt on Friday night, Governor Wike said: "The money in question belongs to the former Rivers State Governor, Chibuike Rotimi Amaechi. We want to confirm that the houses in Ikoyi also belong to Chibuike Rotimi Amaechi.

"If you recollect in 2015, we said that gas turbines built by Former Governor Peter Odili were sold to Sahara Energy, business partners of Chibuike Rotimi Amaechi at $319million.

"That money was used to sponsor the All Progressives Congress for the 2015 general elections. From the date of sale of the gas turbines to May 29, 2015, the money depleted from $319million to $204,000 . What was stashed at the Ikoyi residence was part of that fund".

He said : "We have facts to prove that the said money belongs to the Rivers State Government. The Federal Government must return our money".

Governor Wike said all the stories being peddled about the money belonging to the National Intelligence Agency are false and mere face saving measures by the embattled APC Federal Government.

He said: "As I speak to you, the Federal Government is so embarrassed that this has happened. All the stories that the money belongs to the NIA are fake".

Governor Wike challenged the Federal Government to set up a panel of Inquiry , which will sit publicly to investigate the money, if it doubted the claim of the Rivers State Government.

He stated that the Rivers State Government needs the money to complete an array of projects, insisting that on no account would this criminal activity be swept under the carpet.

The governor said as long as the Federal Government continues to disturb the progress of Rivers State, so long will God throw the Federal Government into confusion.

"We are giving them seven days to return our money. Otherwise, we would take legal action to recover our money. $43million will help us complete several projects. We need that money for projects", he said.
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Search Tboss, Debie-Rise And Marvis React To TTT Being Married

   Search Tboss, Debie-Rise And Marvis React To TTT Being Married
Big Brother Naija housemate, TBoss, Debie-Rise and Marvis, who were interviewed by Pulseng, have disclosed what first came to the mind after finding out that Thin Tall Tony is married with kids.

Recall that before now, TBoss told Bisola that she suspects that Thin Tall Tony might be married, though she had no proof then.

“I didn’t believe it. There were people that speculated. I didn’t believe it,” a surprised Marvis said.

TBoss, who had mentioned it severally during their stay in the house said, “I knew it, I
knew it, I knew it. He put up a very good show, but, sometimes, that Papa thing will just come out. I just knew, this guy is married. He was just too fatherly sometimes.”

Debie-Rise expressed her shock saying, “I will say that I’m surprised that he didn’t mention it. But, at the same time, I know that he is a very good actor, so it isn’t surprising.”

TTT who was romantically involved with Bisola, failed to mention his marital status to her. During one of their conversations, he described himself as ‘single by God’s grace.’


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One Chance Robbery: 7 Safety Tips

One Chance Robbery: 7 Safety Tips
I have heard horror stories of one chance victims ,some killed,some robbed ,some left to die and my dad almost thrown over Third Mainland Bridge. Prevention is always better than cure.

What if you have fallen victim already ?,what can you do to come out alive or safe guard your property and money.This tips would help prepare you for a worse case scenario which I don’t pray happens.

1.Always Go Out With A Dummy ATM Card
This something I do as much as I can .Banking is now so easy ,at times you don’t even need a card to withdraw cash.

Here is what you should do, always have a card with you that has little or no money.Then when you need money ,transfer from another account into the account designated to the card with you.That way you won’t loose much money in case you are threatened to withdraw cash from your account.

There are stories of one chance robbers who use POS machines ,so do not underestimate them.

2.Know When To Strike
This is debatable if there is a chance to escape or jump out of the vehicle you might want to take it,or you might even want to cry out for help .But you have to consider what can possibly go wrong :

You could get killed(eg getting shot).

You could get thrown out of a fast moving vehicle.

Its safer to cry for help,or try to fight back when the vehicle is in a very busy area or at a traffic light.This is why you should always be alert for weird eye contacts between so called “passengers” and “conductors”.

If they have a weapon ,you might want to rethink this.

3.Ladies Should Have An Extra Line Of Defense
I once heard a horror story of a student of my school,who had pepper stuffed down her private part and I think she was also raped.

Its wise for ladies to have an extra line of defense ,if you wear skirts wear a “bum short” underneath .While this is not completely fail proof ,it acts as a delay,in cases like this every second matters,because it might save you from mishaps.

4.Secure Your Self
While most Nigerians don’t even know what pepper spray is ,its safe especially for the ladies to carry one around.Also don’t underestimate what a razor blade can do for you ,so have one handy.Aim at the eyes and spray hard.

If you have a razor blade aim at the thighs,if you are lucky to hit the femoral artery ,you would completely immobilize him and he would most likely die in 5 minutes(I am not saying you should kill,but you know your life is at stake here ,so its self defense).

The face is also a good place to aim at with the razor .

5.Stop Showing Off
Some one chance robberies are opportunistic ones.They make a move when they see a possibility of gain.So quit talking about large amount of money on the phone and stop flashing your expensive phones.

6.Always Make Sure You Are Traceable
While there may be privacy concerns ,its safe to make sure a family member or friend knows your location at all times .I found an app for that here.You can as well look for other apps ,just search for “family tracker ” or related terms.Don’t forget to leave your data on at all times.

7.Study Your Environment
If non of the above works and it turns out to be a case of kidnap,make sure you study your environment very well as you are being taken away.Create a mental map,as it might be useful in the event that you escape.

Have you learnt a thing or two from these tips ?.

Have an experience to share with us?

Kindly comment .

By Donald3d


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Problems Ladies With Big Boobs Have

Problems Ladies With Big Boobs Have
The media often glamorize women with big boobs, just a picture from them and the Internet go gaga, many people drool over large boobs, and many find it sexy, but they're downsides associated having big boobs, even though they seem to enjoy the attention, they are suffering in silence, below are few downsides of having big boobs.


Pains which radiates throughout the neck, back, shoulders and sometimes it radiates to the head and cause headache

Inability to exercise
Women with large boobs find it hard to exercise without wearing a sport bra, even with a sport bra, thier boobs manage to pop out at intervals, and the exercise would be a herculean task due to the weight and mass of the boobs pulling them down.

Serious health risks and threat to life
Enlarged breasts are as a result of macromastia, which is life threatening, and several other skin diseases which result from The constant rubbing of skin against skin which can create painful rashes and yeast infections. Skin stretching to accommodate the heavy mass of the breast also cause stretch marks.

you cant sleep on your stomach
Sleeping on your stomach which happens to be one of the most comfortable sleeping positions is not for you, as your boobs will feel like its about to explode.

They're certain kind of clothes you cant wear
Like tight shirts or button down shirts, your boobs will pop out if you move too much in it, and it'll be so embarrassing, strapless dresses like bridesmaid dresses, and backless dresses, blazers

there's always a limit to what you can do
You can't run, or jump and cant use cross body bags as it'll partition your boobs in a very ridiculous manner

bra problems
Finding the right size of bra is a major problem and even if you do, it wont fit and your size is not common

You attract unnecessary attention
People will always stare at your boobs wherever you're especially in fitted dress or bathing suits, and the attention will be so uncomfortable and overwhelming, much concentration will be on the boobs, and people often asks what size of bra you use.

You look sexual in anything you wear, even decent dresses and you cant help it
This is self explanatory



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Man Breaks Tonto Dikeh And Churchill's Love Lock In Paris (Video)

Man Breaks Tonto Dikeh And Churchill's Love Lock In Paris (Video)
In March of 2016, Tonto and her husband visited the popular Love Lock Bridge in Paris where they sealed their love with a padlock. The news was circulated all over the Nigerian media at the time, even here on Nairaland. Unfortunately, the marriage has packed up.

According to Wikipedia : "A love lock is a padlock which lovers lock to a bridge, gate, or a similar public fixture to symbolize their love. Typically the sweethearts' names or initials are inscribed on the padlock, and its key is thrown away to symbolize unbreakable love".


A Nigerian DJ who is in Paris went in search of the padlock and according to him, he will find it, unlock it and throw in the water. Click here to watch https://www.instagram.com/p/BS0_9YZFo8J





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Andrew Ejimadu SEER 1 Deported From Zambia Over Rape Accusation

Andrew Ejimadu SEER 1 Deported From Zambia Over Rape Accusation
Reports making the rounds online have it that controversial Nigerian Prophet Andrew Ejimadu popularly known as SEER 1 of Christ Freedom Ministries in Zambia has been deported by immigration authorities. The prophet was reportedly deported on an Ethiopian Airlines Aircraft from Simon Mwansa Kapwepwe in Ndola.

Prophet Andrew and his brother Cleopas were arrested last year but later acquitted for defiling and raping a girl minor in Zambia. This is one of the many controversies which have trailed the cleric.




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Davido Pays Tribute To Dead Ntlami, 18-Year-Old South Africa Progeria Sufferer

Davido Pays Tribute To Dead Ntlami, 18-Year-Old South Africa Progeria Sufferer
Nigerian Musician, Davido paid tribute to Ontlametse Ntlami Phalatse, the 18-year old South African progeria sufferer has died.

Progeria is a rare genetic disorder which causes premature aging.

“It is with great sadness to inform you of the passing of our first lady, Ontlametse Ntlami Phalatse. Our hearts are filled with pain and sadness but Ontlametse – as we know her – would want us to carry on with her courageous spirit,” a family statement said.

Davido wrote: May your soul Rest In Peace Beautiful NTLAMI 



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I Hope You Die And Rot In Hell" - Davido To A Fan Who Called Ntlami A 'Monster'

I Hope You Die And Rot In Hell" - Davido To A Fan Who Called Ntlami A 'Monster'
Davido Paid tribute to the dead 18-year Old South Africa Progeria sufferer, Ntlami on his IG page. The young Lady who recently celebrated her 18th birthday kicked the bucket. One of the comment of the fan didn't go well with Davido who referred the girl as "Monster" as he lashes him hands down.

But some people get bad mouth sha

Below are the screen shots of the whole fracas





More pics

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US Drops The "Mother Of All Bombs" In Afghanistan

US Drops The "Mother Of All Bombs" In Afghanistan
AFGHANISTAN — The US military has dropped an enormous bomb in Afghanistan, according to four US military officials with direct knowledge of the mission.


A GBU-43/B Massive Ordnance Air Blast Bomb (MOAB), nicknamed the “mother of all bombs,” was dropped at 7:32 pm local time Thursday, the sources said. A MOAB is a 21,600-pound, GPS-guided munition that is America’s most powerful non-nuclear bomb.


The bomb was dropped by an MC-130 aircraft, stationed in Afghanistan and operated by Air Force Special Operations Command, Pentagon spokesman Adam Stump told CNN.

Officials said the target was an ISIS cave and tunnel complex and personnel in the Achin district of the Nangarhar province.

“The United States takes the fight against ISIS very seriously and in order to defeat the group we must deny them operational space, which we did,” White House press secretary Sean Spicer said later Thursday. The strike “targeted a system of tunnels and cave that ISIS fighters use to move around freely.”


The military is currently assessing the damage. Gen. John Nicholson, commander of US forces in Afghanistan, signed off on the use of the bomb, according to the sources. The authority to deploy the weapon was granted to Nicholson by the commander of US Central Command, Gen. Joseph Votel, Stump said.

This is the first time a MOAB has been used in the battlefield, according to the US officials. This munition was developed during the Iraq War.

“As ISIS-K’s losses have mounted, they are using IEDs, bunkers and tunnels to thicken their defense,” Nicholson said in a statement following the strike.

“This is the right munition to reduce these obstacles and maintain the momentum of our offensive against ISIS-K,” Nicholson added.

“US forces took every precaution to avoid civilian casualties with this strike. US Forces will continue offensive operations until ISIS-K is destroyed in Afghanistan,” read the statement from US Forces Afghanistan.

The extent of the damage and whether anyone was killed is not yet clear. The military is currently conducting an assessment.

The Pentagon is currently reviewing whether to deploy additional trainers to Afghanistan to help bolster US allies there.

The Achin district is the primary center of ISIS activity in Afghanistan. A US Army Special Forces soldier was killed fighting the terror group there Saturday.




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Jimoh Ibrahim Replies Nigerians Bashing Him "You people don't have any respect

Jimoh Ibrahim Replies Nigerians Bashing Him "You people don't have any respect
Former Ondo governorship candidate (PDP) and Billionaire, Jimoh Ibrahim who got a backlash from Nigerians after he called Former President, Goodluck Jonathan "a notorious armed robber with PhD" has finally responded.

"You people don't have any iota of respect on this platform. Is this how y'all relate with folks old enough to be your father?" he said in a tweet

"If you people can use the energy you used to bash Jimoh Ibrahim to hustle, you people will be able afford THIS at the age of 50 - JI-CFR" was his second tweet as he shared a picture of his Rolls Royce.



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Olakunle Churchill Visits Southern Kaduna With Praiz And Foundation Team

Olakunle Churchill Visits Southern Kaduna With Praiz And Foundation Team
Dr. Olakunle Churchill was earlier today pictured at Kaduna Airport with Praiz as they arrive for a visit to Kagoro community in Southern Kaduna. The famous philanthropist donated food items and home materials massively during KADA River Massacre three months ago.

Today's visit was to access the progress of his foundation activities in empowering and providing necessary facilities for the displaced and victims of the unfortunate crisis. He would be meeting with the Royal highness of the community and celebrating with the indigenes.  There is  a scheduled meeting with Churchill and the Governor of Kaduna state.

More details and pictures coming soon as we can spot Private Jet behind....


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Silvio Berlusconi Sells Ac Milan(Former Italian prime minister )

Silvio Berlusconi Sells Ac Milan(Former Italian prime minister )
The takeover of Milan has officially been completed, with Silvio Berlusconi selling the club after 31 years.
Former Italian Prime Minister Silvio Berlusconi has sold Ac Milan Club after 31 years.A consortium led by Chinese businessman Yonghong Li has been attempting to buy the Ac Milan Club for some time, but the deal was hit by a series of delays.
However, after Sino-Europe Sports became Rossoneri(Ac Milan) Sport Luxembourg and received investment from an American hedge fund, a meeting was held this morning to ratify the sale.
“Fininvest had today finalised the sale to Rossoneri Sport Investment Lux of the entire stake, amounting to 99.93 per cent, in AC Milan”, an official joint-statement confirms.
"Today's finalisation gives full effect to the takeover agreement signed by the managing director of Fininvest, Danilo Pellegrino, and David Han Li, the representative of Rossoneri Sport Investment Lux on August 15, 2016 and renewed on March 24 of this year.
"The details of the agreement are those announced and provide an overall valuation of AC Milan at €740m, consisting of a debt burden evauated on June 30, 2016, as per the agreements between the parties, of around €220m.
"That amound has been collected by Fininvest, along with €90m as reimbursment of capital contributions made by Fininvest in favour of Milan from July 1, 2016 to today.
"The buyers have confirmed their commitment to make important recapitalisation investments to the balance sheet and the financial strengthening of AC Milan.
"Tomorrow, Friday April 14, the general shareholders' meeting of AC Milan shareholders will, among other things, vote on the appointment of the new corporate bodies of the company.
However, Berlusconi said “I do so with pain and emotion, but with the knowledge that in the modern game, to compete at the highest European and world levels takes investment and resources a single family can no longer support.



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