The sale of 70 per cent stock in Milan will be signed by next week, claim sources close to the negotiations on China Daily.
President Silvio Berlusconi’s recent heart surgery contributed to the postponement of the deal, though when leaving the clinic he confirmed to reporters he had decided to sell.
The Chinese conglomerate is still shrouded in secrecy and that has not helped lift confusion over the constant delays.
The sale of 70 per cent stock in Milan will be signed by next week, claim sources close to the negotiations on China Daily.
President Silvio Berlusconi’s recent heart surgery contributed to the postponement of the deal, though when leaving the clinic he confirmed to reporters he had decided to sell.
The Chinese conglomerate is still shrouded in secrecy and that has not helped lift confusion over the constant delays.
“There are only some little details of the contract the parts have to finalise,” the person, who requested anonymity, told China Daily.
“If it will not be done in this week, it surely will happen in the next week. There are no problems, only some last technical details to be solved.”
The source suggests the sum paid to buy 80 per cent of the club is between €700m and €750m, a figure that includes Milan’s €200m of debt.