Home » Sale of Milan to Chinese consortium ‘on track’ – report
Sale of Milan to Chinese consortium ‘on track’ – report
By Oliver Fisher -

The Chinese consortium and Fininvest have been negotiating the sale of AC Milan for some time now. According to Premium Sport, there is optimism concerning the final closing.

There are good news that arrived from China as it seems like the Chinese government are close to approving the €420million that Sino-Europe Sport (and their partners) need to acquire a majority stake in the club.

Milan started off this season well as they are now joint-second (with Roma) in the Italian Serie A standings on 26 points, seven points off leaders Juventus.

Current Milan owner Silvio Berlusconi would likely still stay on at Milan as a honorary president if the deal does occur. The initial plan between both parties was to close a deal for the sale of the club by the end of the 2016 calendar year, and they seem to be on track to do so. 

Via calciomercato.com

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