NEWS
Thursday April 24 2014
Fininvest deny Lim-Milan offer

The Fininvest group have denied that they are considering ‘any possibility of the transfer of control of Milan’, amid continued rumours involving Peter Lim.

Speculation earlier this month was that the Singapore businessman had tabled an offer of €300m for a 51 per cent share in the Rossoneri, only to see it turned out.

However, amid rumours surrounding the club’s search for investors to pay a similar amount for a 20-30 per cent share in the club, reports have been of a return bid from Lim, of €500m for 51 per cent, with the promise of maintaining Silvio Berlusconi as President and Adriano Galliani as Vice-President.

However, Fininvest, the financial holding company controlled by Berlusconi and that holds Milan’s ownership, has issued another denial on the matter.

“With regards to rumours reported by the Press, Fininvest again denies any possibility of transfer of control of Milan,” a statement released today reads.

Alongside the report from the Gazzetta dello Sport on Lim, has been the suggestion that director Barbara Berlusconi has held talks with China’s second richest man, Zong Quinghou, over the billionaire also reportedly launching an investment offensive.

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