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

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

    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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