There are multiple reports Milan’s sale to Chinese investors might not go through on December 13 – or at all.
The buyers behind the Sino-Europe conglomerate remain mysterious to everyone, including current President Silvio Berlusconi.
This week Berlusconi commented that “if the closing doesn’t happen on December 13, I’d gladly take back Milan.”
Now newspapers La Stampa and Corriere dello Sport both suggest that the Chinese group buying the club want another month to get the finances ready.
There are multiple reports Milan’s sale to Chinese investors might not go through on December 13 – or at all.
The buyers behind the Sino-Europe conglomerate remain mysterious to everyone, including current President Silvio Berlusconi.
This week Berlusconi commented that “if the closing doesn’t happen on December 13, I’d gladly take back Milan.”
Now newspapers La Stampa and Corriere dello Sport both suggest that the Chinese group buying the club want another month to get the finances ready.
The authorisation for the extra €420m has not yet arrived, nor have they approached a European bank to release guarantees.
Berlusconi would want to re-negotiate the terms of the deal if there was another month’s delay.
The Chinese group has already paid €100m as a deposit for the Milan purchase, but another €420m are outstanding.
La Gazzetta dello Sport also noted that Milan CEO Adriano Galliani, who said he’d leave the club if demoted from the role of CEO after 30 years, seemed visibly brighter and more confident at yesterday’s Lega Serie A meeting.
He could be regenerated by the idea of again leading Milan to success.
However, if Berlusconi were to take back full control of the Rossoneri, then January sales of important players are not to be ruled out.