Sino-Europe Sports provide Fininvest with additional financial guarantees

By Nikita Fesyukov -

The AC Milan sale saga has been dragging on for several months now, but now it seems that some pieces of the puzzle are coming together, with Fininvest reportedly receiving additional guarantees of Sino-Europe Sport’s economic background.

As reported by Sky Italia‘s Peppe Di Stefano, the Chinese consortium have provided Fininvest with translated documents regarding the traceability of the money flow from China.

This document confirms that the flow falls within the anti-money laundering standards. Moreover, it is an important document that was requested exclusively by Fininvest and the Chinese have complied.

Now the final OK is missing to make the new contract drafted by the parties’ lawyers and advisers official. Besides that, the third €100 million deposit from Sino-Europe Sports is expected by Friday, though Fininvest could settle for it to arrive early next week.

Tags AC Milan Italy Milan News Rossoneri Sino-Europe Sports