AC Milan dream of Isco as Jorge Mendes makes offer to buy majority share in the club

04 August at 12:43
Negotiations between Finivest and Sonny Wu’s GSR for AC Milan takeover are stalling and, according to today’s edition of La Gazzetta dello Sport, powerful players’ agent Jorge Mendes has entered the race to buy the club’s majority shares.
 
Mendes has already made an opening offer to AC Milan: € 550 million to complete the club’s takeover.
The man behind negotiations, however, is the 18th richest man in China – namely Guo Guangchang (net worth around $ 5.4 billion) – who has just bought Championship side Wolverhampton Wolves, appointing Walter Zenga as the team’s new boss.
 
Mr. Guangchang funded Fosun group back in 1992. Today the group is one of the biggest international conglomerate and investment companies in China. Fosun has been investing over $ 15 billion abroad since 2010, but has recently announced that will sell $ 6 billion of their assets by 2017 to cover debts.
 
Fosun’s value is more than $ 11 billion with annual sales volume around $ 1.1 billion.
 
Sonnny Wu’s offer is € 500 million to buy the 100% stakes in the club, plus € 240 million to cover debts. Being the exclusive negotiation agreement between AC Milan and Sal Galatito’s consortium expired last month, Fininvest are now also considering the offer of Jorge Mendes and his business partner.
 
If Jorge Mendes and Guo Guangchang would manage to complete the club’s takeover, AC Milan might sign some of Mendes’ Gestifute clients like William Carvalho, Bernardo Silva, Mustafi, Ezequiel Garay, Carlos Vela, Eduardo Salvio, Adrien, Diego Costa or Isco. 

Lorenzo Bettoni @lorebetto
 

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