Milan have announced a shareholders’ meeting on December 2, as the sale of the club gets closer.
A Chinese consortium, Sino-Europe Sports, has signed a preliminary agreement to buy the Rossoneri from Fininvest, the holding company founded by Silvio Berlusconi.
Now it has been officially announced that at least one meeting of shareholders will take place to confirm the sale.
Milan have announced a shareholders’ meeting on December 2, as the sale of the club gets closer.
A Chinese consortium, Sino-Europe Sports, has signed a preliminary agreement to buy the Rossoneri from Fininvest, the holding company founded by Silvio Berlusconi.
Now it has been officially announced that at least one meeting of shareholders will take place to confirm the sale.
“The AC Milan board of directors, which met today, approved the request of the Fininvest shareholders to convene a shareholders’ meeting on December 2, 2016 and, if necessary, December 13, 2016,” an official statement reads.
“The meeting will be called to deliberate, among other things, the composition of the governing bodies in order to allow the same Fininvest S.p.A to fulfil the commitments made in signing the preliminary contract for the sale of its entire shareholding in AC Milan.”
Fininvest controls 99.3 per cent of shares in the club, and will relinquish all of them to the Chinese buyers.