NEWS
Thursday May 5 2016
Fininvest cause Milan delay?

Reports say Fininvest are causing a delay in Silvio Berlusconi granting exclusivity to Chinese investors ahead of a sale.

Berlusconi’s decision to grant the group of potential buyers exclusivity, the next stage of the sale process, was expected to arrive this week.

However, Gazzetta dello Sport has now shed light on what could be causing the delay, with no announcement made yet.

The newspaper reports that Milan’s holding company Fininvest want to complete discussions about banking guarantees before handing Berlusconi the dossier containing the Chinese offer.

The report says that it has already been decided that once exclusivity is granted it will last a month and that there won’t be penalties if either party decides against concluding the deal.

Rossoneri owner Berlusconi is believed to still be having serious doubts about giving up his majority stake in the club, as he doesn’t want to leave at such a negative moment.