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    • Here’s why AC Milan Chinese takeover could collapse today

    Here’s why AC Milan Chinese takeover could collapse today

    AC Milan Chinese takeover is at risk of collapse given that potential buyers Sino Europe have to pay a second deposit of € 100 million as a fine for the delayed closing date. If Chinese buyers fail to pay the extra € 100 million deposit by today, the club’s Chinese takeover will collapse.

    A club’s shareholder meeting has been scheduled for tomorrow but although it was supposed to represent the first day of the new Chinese era, tomorrow’s meeting will have no importance in terms of changing ownership as the closing date has been scheduled for the 3rd of March 2017.

    Fininvest have not been given guarantees that Chinese buyers have all the money they need to complete the club’s takeover, which means €420 million (€320 if they pay today’s deposit) and an official announcement by Berlusconi’s holding company is expected today.

    Meantime, AC Milan will have no budget for the incoming January transfer window and will only sign new players in case some of their stars are sold. Exactly the same situation occurred this past summer.
     

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