NEWS
Friday April 15 2016
Report: Milan close to Chinese sale

Silvio Berlusconi is reportedly close to agreeing a deal to sell a Milan stake to Chinese investors, but there’s disagreement over the valuation.

Thai property tycoon Bee Taechaubol had agreed a deal to buy 49 per cent of the club, but the deal has hit a series of delays, so holding company Fininvest has looked elsewhere.

A Chinese group, with American advisors are now thought to be in pole position to invest in the club.

Today Bloomberg, citing sources close to the consortium believes that a deal is being worked on for June, with the intention being to acquire between 50 per cent and 70 per cent of the Rossoneri.

Sky also reports that talks are at an advanced stage, but believes Berlusconi’s valuation of the club could be a potential obstacle.

The Chinese investors value the club at around €650m, while the patron is sticking to the €1bn valuation which was the basis for the Mr Bee deal.

Forbes has estimated the value of the club at €775m, so it may be possible for the two parties to meet in the middle.