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    • AC Milan Chinese takeover on the brink of collapse

    AC Milan Chinese takeover on the brink of collapse

    AC Milan Chinese takeover is on the brink of collapse as the consortium Sino-Europe have asked 24 hours more to pay an extra deposit of € 100 million after that they failed to complete the club’s acquisition by today. The Chinese consortium was supposed to finalize the deal today, but the closing date has been postponed to the 3rd of March and calciomercato.com has exclusively learned that the sale of a majority stake in the rossoneri club is in serious danger of collapse.

    Sino Europe had already paid a deposit of €100 million and an extra € 100 million fee is requested as a fine for the delayed closing date. The Chinese consortium has had bureaucratic issues and has been unable to send the payment today although they should complete the €100 million deposit in 24 hours time.

    If new Chinese buyers fail to pay the deposit by tomorrow, the deal could collapse with Silvio Berlusconi who is set to remain in charge of AC Milan after thirty years of presidency and two collapsed negotiations for the club’s sale.
     

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