Galatioto back in Milan, adding finishing touches to deal

By Oliver Fisher -

Sal Galatioto has arrived in Milan, and the deal between Fininvest and the Chinese consortium for 80% of AC Milan is entering the final stages.

The advisor of the Beijing team has returned to Italy to add the final details to a deal that, after the words of Berlusconi on Tuesday, is one step away from closing.

Galatioto could remain in Milan until next week, until the preliminary agreement is signed.

Today’s edition of the Gazzetta dello Sport reports that have emerged in the last hours the consequences that would face the parties if the deal was not completed after the signing of the preliminary.

A 100 million bilateral penalty has in fact been agreed, which will be paid by those who decide to withdraw.

We are still yet to learn the names of the investors within the Chinese consortium, though Galatioto stated that we will know them soon.

Fininvest environments filters that identities continue to be rather too confidential to the negotiating table. This mystery, however, may fall quickly as some of these investors will likely be in Milan next week, when the preliminary agreement is signed.

Via GdS,

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