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  • Milan-China: decision by June 10

    Milan-China: decision by June 10

    The sale of AC Milan continues to dominate the world of Italian football. With a Chinese consortium ready to purchase the club from Silvio Berlusconi, it seems that we now have another deadline for the deal.
     
    The potential buyers, led by Robin Lin, have placed on the table a bid of €700 million, which will give the Chinese a 70% controlling stake in the club, leaving Berlusconi with 30% before completing a full buy-out in December.
     
    It’s now decision time for the current patron who has been at the helm for the past 30 years. The 10th of June is the deadline set by Lin who is the sixth most powerful man in the country with an estimated worth of $14 billion. The deal is being brokered by Galatioto Sports Group but the last word once again will be with Berlusconi, who considers his beloved Milan to be his second skin. The clock continues it's countdown.


    Steve Mitchell @barafundler

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