NEWS
Wednesday April 27 2016
Chinese invest €1.2bn in Milan?

It’s reported the Chinese investment in Milan could total €1.2bn if the deal goes ahead.

Reports today suggest that a group of investors from the Far East have already performed due diligence on the Rossoneri’s accounts, and are close to a deal buy the club.

Now Milano&Finanza is is reporting that the total outlay could be around €1.2bn, albeit spread over several years.

The consortium is said to value the club at somewhere between €500m and €550m, with €240m of debt also to be paid off.

That would take the overall cost to between €740m and €790m, while it’s thought the Chinese have already agreed to invest between €300m and €400m in the coming years.

The final approval is of course down to President Silvio Berlusconi, and it’s thought that both sides are keen to find an agreement before July.

Berlusconi and his family could retain a stake of 20 to 30 per cent, much as Massimo Moratti did when he sold Inter to Erick Thohir.