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AC Milan have reportedly taken another step forward in their proposed takeover by Sino-Europe Sports.

It is believed that the consortium has deposited another €30million towards the total of €300million required to buy the club.

Fininvest, the company owned by President Silvio Berlusconi apparently now have a total of €250m in deposit payments; consisting of two installments of €100m, followed by €20m and now €30m.

Gazzetta dello Sport states that a further €50m is still needed for the total to be reached which was agreed upon by the two parties in the initial negotiations.

A joint statement is expected shortly to announce a final deadline of April 14, the date on which the remaining €50m is needed by in order for the deal not to collapse.

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