According to reports on Corriere.it, an agreement has been reached between Milan owner Silvio Berlusconi and a Chinese consortium led by Nicholas Gancikoff and Sal Galatiolo but there could also be new inputs.
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According to latest reports, representatives of the consortium are heading for Villa Certosa where Berlusconi is currently on holiday. The patron will relinquish the entire 100% for a sale of around €700 million. La Repubblica also reports Milan have been sold to Han Li.