Milan’s holding company Fininvest has released a statement denying a sale is close.
It was reported today that a deal had been struck with Chinese investors to sell the club this summer, after talks with Bee Taechaubol broke down.
Rumours suggested that President Silvio Berlusconi was reluctant to agree to the sale, but representatives from the holding company he founded were applying pressure.
Milan’s holding company Fininvest has released a statement denying a sale is close.
It was reported today that a deal had been struck with Chinese investors to sell the club this summer, after talks with Bee Taechaubol broke down.
Rumours suggested that President Silvio Berlusconi was reluctant to agree to the sale, but representatives from the holding company he founded were applying pressure.
“For several weeks so-called scoops have returned to the media concerning phantom deals relating to the corporate structure of Milan,” the Press release begins.
“Fininvest is once again forced to reiterate that, as has been repeatedly communicated, in parallel to the talks with Mr Taechaubol there has been expressed interest in shares of the club from other potential investors.
“Contact is under way with some of them, in an absolutely preliminary phase. The sale of a majority of shares has never been in discussion, and the overall value of the club which we’re working from is in line with Mr Bee’s proposal.
“Any talks with various stakeholders of Fininvest would, where appropriate, be limited purely to technical insights, without going into other considerations.
“Of course, every evaluation and decision relating to Milan and its ownership structure lies solely with President Silvio Berlusconi.”