Sino-Europe slams Bloomberg reports

by | Sep 22, 2016 13:12

The Chinese consortium looking to buy Milan slams reports they provided fake documents as “absolutely false”.

Sino-Europe Sports has agreed a deal to take over the club from Silvio Berlusconi, and has already deposited €100m.

It was reported earlier this week by the respected financial website Bloomberg that false documentation had been provided earlier in the transaction, and that not all funds for a takeover were in place.

The Chinese consortium looking to buy Milan slams reports they provided fake documents as “absolutely false”.

Sino-Europe Sports has agreed a deal to take over the club from Silvio Berlusconi, and has already deposited €100m.

It was reported earlier this week by the respected financial website Bloomberg that false documentation had been provided earlier in the transaction, and that not all funds for a takeover were in place.

“What was written by Bloomberg is absolutely false,” a statement from Sino-Europe Sports insisted.

“If necessary, we will take legal action.”

Earlier this week, the consortium had assured it remained committed to completing a takeover before the end of the year.

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