OFFICIAL: Sino-Europe Sports complete €100m deposit to Fininvest

By Isak Möller -

AC Milan’s Chinese buyers have paid an extra deposit of €100 million after that they’ve failed to finalize the club’s takeover by today. Sino-Europe Sports have announced through their official Twitter account that they’ve completed the payment.

The club’s takeover is not on the brink of collapse now, but potential new owners are now requested to complete the club’s acquisition by the 3rd of March. Sino-Europe still need to pay €320 million to acquire the 99.93% stake in the club by that date.

Sino-Europe reportedly could not complete the club’s takeover by today because some bureaucratic issues had prevented them from paying a fee of €420 million requested to buy the Serie A giants.

According to Milano Finanza, Sino-Europe could propose AC Milan to split the last payment of €320 million into multiple installments but that may lead to another possible delay of the closing date.

Via Calciomercato.com

Tags AC Milan Berlusconi Italy Milan News Rossoneri Serie A