The Chinese consortium interested in investing in Milan are reportedly offering €580m for an initial 51 per cent majority of the club’s shares.
Silvio Berlusconi is increasingly speculated as having held talks with delegates from a Chinese group of investors, in competition to Thai investor Bee Taechaubol’s confirmed negotiations.
The Chinese consortium interested in investing in Milan are reportedly offering €580m for an initial 51 per cent majority of the club’s shares.
Silvio Berlusconi is increasingly speculated as having held talks with delegates from a Chinese group of investors, in competition to Thai investor Bee Taechaubol’s confirmed negotiations.
Whilst the latter’s offer is reportedly set at an initial purchase of between 30 and 40 per cent shares in the Rossoneri, eventually rising to 70 per cent, details today have listed Mr Bee’s competitors’ apparent plan.
Seen as first led by Hong Kong investor Richard Lee and then an unnamed Chinese woman reported as having already met Berlusconi, the Chinese consortium have apparently concluded due diligence and reached a positive conclusion on accounts.
The Gazzetta dello Sport report that valuing the club at €1.2bn, including a €250m debt, the consortium are talking over an initial purchase of a 51 per cent share.
It is reported that the Chinese offer to do so would stand at €580m and will also include the ambition to increase shares to 70 per cent within four years.
The consortium’s offer, due to be formalised from the middle of this week, would also apparently leave Berlusconi, daughter Barbara and Adriano Galliani in their current roles.