AC Milan’s sale closing date likely to be delayed again

Berlusconi Li Milan Twitter
12 November at 12:18
AC Milan’s sale closing date is likely to be postponed again, but according to Repubblica, the Chinese consortium Sino-Europe is going to complete the club’s takeover on the 12th of December rather than on the 2nd when the club’s shareholders’ meeting has been scheduled.

Both Fininvest and Sino-Europe deny that there have been bureaucratic issues over the club’s sale and new AC Milan CEO Marco Fassone has been guaranteed that the Chinese consortium will pay the remaining € 440 million by the 21st of November.

If rumours coming from the Italian paper are to be believed, that would be the second postponement as Sino-Europe should have finalized the deal by the end of November first and then in the first week of December.

​According to the report, however, there shouldn’t be any issue regarding a positive end of the story and AC Milan is set for the Chinese takeover after 30 years of Berlusconi presidency.


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