AC Milan takeover imminent as Sino-Europe Sports repay loan

By Fred Ilondo -

On February 9th, 2017, Milan’s administration board confirmed that the shareholders meeting was going to take place between March 1st and March 3rd, 2017, which will see Fininvest sell the club to Sino-Europe Sports.

As Calcio Finanza reported, on January 23rd, 2017, Rossoneri Sports Investment (created by SES) paid off the 102 million euros that Willy Shine International Holdings Limited had loaned them for the acquisition of Milan.

With this payment, the deal keeps going forward as it was Chen Huashan (one of Yonhong Li’s assistants) that put pen to paper.

Tags AC Milan Italy Milan News Rossoneri Serie A