Home » New AC Milan sale contract and deposit from SES expected by Friday, closing date set
New AC Milan sale contract and deposit from SES expected by Friday, closing date set
By Nikita Fesyukov -

The AC Milan sale saga has been dragging on for months now, with countless delays and uncertainty over the club’s future. However, it looks like both parties involved are convinced about the deal going through and are doing everything possible to conclude the negotiations.

As reported by Gazzetta dello Sport, Fininvest and Sino-Europe Sports have reached an agreement for the new closing date. If everything goes as planned, the closing of the club sale should happen on April 7.

The date is unofficial for now, as Silvio Berlusconi’s holding company is awaiting the third €100 million deposit from the Chinese. This deposit is expected to arrive by Friday evening and immediately after the new agreement will be signed by both parties.

From the moment of the contract signature, Fininvest and Sino-Europe Sports will be bond by an exclusive agreement. This means that others interested in the acquisition of the club will not be able to negotiate with Fininvest.

As for the composition of the consortium, it has been confirmed that currently the only investor in it is Yonghong Li. Behind the Chinese broker there are financiers, who could intervene in the capital later on.

Tags AC Milan Berlusconi Fininvest Italy Milan Rossoneri Sino-Europe Sports Yonghong Li
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