Calciomercato.com

  • LIVE Milan set to receive second Sino-Europe payment of €100 million
LIVE Milan set to receive second Sino-Europe payment of €100 million

LIVE Milan set to receive second Sino-Europe payment of €100 million

Today could be key for AC Milan: the shareholders are set to meet in order to discuss what do with the €100 million that Sino-Europe are set to send to Fininvest. We will follow the day’s main events live with correspondent Daniele Longo. 

11.21 GMT - It has emerged that Milan CEO Adriano Galliani suspended the meeting at 1005 GMT, essentially refusing to answer a series of searching questions made by the representative of the minority shareholders, Giuseppe La Scala.

 
“The questions are not pertinent to the day’s business, this meeting is not the place for mediatized arguments. This discussion is over”.
 
With Barbara Berlusconi on maternity leave, Galliani was left to brave 10 questions made by La Scala alone.
 
Below we translate the most important ones:
 
1) Among the investors we’ve finally been made aware of, are the three entities controlled by the Chinese government still present?
 
2) Is the transfer of the moneys being delayed by bureaucratic reasons, or do the potential buyers have other reasons for delaying it?
 
3) Has it been confirmed that the investors have rounded up the sum necessary to buy out the club?
 
4) Will the buyers still be obliged to invest in the club, following the new agreement reached by both sides delaying the closing?
 

5) Can you categorically exclude that any of the above clauses have been modified or cancelled?


10.50 GMT - Milan are, according to sources close to the club, about to receive a second payment worth 100 million from Sino-Europe.

 
Though the closing of the sale is set to occur by March 3rd, 2017, the Rossoneri have now received a grand total of 200m from the Chinese investors.
 
With a communique’ on the way to confirm this, it now looks like the Rossoneri will receive another 320m by that date in order to complete the sale of 99.93% of the club.
 

10.35 GMT - The shareholders’ meeting has been adjourned, with a majority approving the club’s decision.

 
0835 GMT - Adriano Galliani and DG Marco Fassone are set to meet tomorrow to discuss the Rossoneri’s transfer policy, according to the Gazzetta dello Sport. The 100m will probably not be spent on players, leaving the two to discuss how best to spend Milan’s limited funds. It is clear that Galliani is still running operations, with the new sporting director, Alessandro Mirabelli, only in an advisory role.
 
The Rossoneri are to see if they can cash in on the eventual departures (or loans) of Carlos Bacca, Rodrigo Ely, Leonel Vangioni and Luiz Adriano.
 
0800 GMT - The Sole 24 Ore have revealed the identities of the various components of the Chinese Conso: beyond Yonghong Li and Haixia, Huarong international will be investing in the Rossoneri, alongside  Industrial Bank, Bank of Guangzhou and China Zheshang Bank. This will happen without the Chinese government, which has recently put a cap on foreign investment, and especially the exporting of capital overseas.
 

0745 GMT - Repubblica claim that the 100m should arrive tonight. The Corriere della Sera, on the other hand, claim that the Rossoneri are set to look for a new buyer if the current Consortium can’t do it. Fininvest are spending 8-9m on Milan every month, and consider the venture to be too expensive.

@EdoDalmonte


Altre Notizie