MILAN // Former AC Milan defender and Italy coach Cesare Maldini has died, his long-time club said on Sunday. He was 84.
Maldini won four Serie A titles during his time with Milan and was captain of the side in 1963, when Milan became the first Italian team to win the European Cup.
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In all, he made 412 appearances for AC Milan and moved into coaching when his playing career ended, managing the north Italian club from 1972-74.
He was assistant coach to Enzo Bearzot for Italy’s 1982 World Cup triumph in Spain and then led the country to the quarter-finals in France 16 years later, where they were beaten by the hosts on penalties.
He took charge of Paraguay for the 2002 World Cup but they did not progress beyond the Round of 16 and Maldini subsequently returned to work as a scout for AC Milan.
“His bond to Milan was unbreakable and what’s more, there would be a second generation with his son Paolo following in his footsteps and enjoying unrivalled success at the club,” AC Milan said in a statement.
“The club president Silvio Berlusconi and the rest of the club will always remember fondly his charisma, kindness and warm smile,” the club added.
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Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
