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    • Milan, the Chinese government are close to approving the final closing

    Milan, the Chinese government are close to approving the final closing

    The Chinese consortium and Fininvest have been negotiating the sale of AC Milan for some time now. According to Premium Sport, there is optimism concerning the final closing. There are good news that arrived from China as it seems like the Chinese government are close to approving the 420 million euros that Sino-Europe Sport (and their partners) need to acquire a majority stake in AC Milan.

    Milan started off this season well as they are now join-second (with Roma) in the Italian Serie A standings with 26 points, which is seven points off leaders Juventus. Current Milan owner Silvio Berlusconi would likely still stay on at Milan as a honorary president if the deal does occur. The initial plan between both parties was to close a deal for the sale of the club by the end of the 2016 calendar year as they seem to be on track to do so. 

    Jean-Luca Mascaro (@CalcioNews89)

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