MN: Plot twist as Important meeting in Milan sale on August 16

By Oliver Fisher -

Alarms were raised this morning as reports surfaced that Chinese consortium represented by Nicholas Gancikoff and Sal Galatioto has pulled back from the purchase of Milan.

These rumours – originally attributed to a Chinese website – have since been denied by both parties. Now, therefore, they are moving forward in dealing with Gancikoff.

The advisor to the Chinese has until August 16 to put everything in place with members of the conglomerate.

The date of 16 August is marked in importance on the schedule according to MilanNews.it. On that day there will be a very significant meeting between Gancikoff and the leaders of Fininvest.

One school of thought believes that the signatures on the preliminary sale will be inked, which then should lead to the final phase of the negotiations before closing.

What MilanNews have learnt is that the meeting in mid-August is a date when Gancikoff could present the completed, which involves the purchase of 100% of AC Milan.

This is also due to the fact that Fininvest intends to sell all of Milan’s shares immediately. This is a very important fact, as the holding company of the Berlusconi family made the decision not to consider offers that provide for participation by a minority or a majority.

In other words, if you want to buy Milan, you need to buy everything. Precisely because of this new development, it seems that when the exclusivity granted to Gancikoff has expired, Fininvest – in the event of failure to close with the Chinese – are ready to listen to new offers for 100% of the club.

Tags AC Milan Gancikoff Italy Mercato Milan News Rossoneri Serie A