A preliminary agreement to sell Milan to Chinese investors will reportedly be signed on Monday.
Rumours have been growing in recent days that President Silvio Berlusconi is on the verge of selling the club to a Chinese consortium, though the identity of the buyers is so far a mystery.
However, Corriere dello Sport is now reporting that a compromise has been reached between the two parties, and a preliminary deal will be signed at a secret location on Monday.
A preliminary agreement to sell Milan to Chinese investors will reportedly be signed on Monday.
Rumours have been growing in recent days that President Silvio Berlusconi is on the verge of selling the club to a Chinese consortium, though the identity of the buyers is so far a mystery.
However, Corriere dello Sport is now reporting that a compromise has been reached between the two parties, and a preliminary deal will be signed at a secret location on Monday.
That will then instigate a period of due diligence, with a deadline set for the acquisition of 70 per cent of the Rossoneri, probably June.
The remaining 30 per cent will be sold off by Fininvest, the holding company founded by Berlusconi, over the period of a year.
Part of the reason for the sale may be today’s accounts, with Fininvest forced to cover €89m worth of losses for 2015.
The deal with the Chinese consortium is believed to be worth around €700m.