NEWS
Monday May 9 2016
Tomorrow or never for Milan sale?

New reports suggest a Milan deal must be agreed tomorrow, or negotiations will collapse.

A group of Chinese investors is looking to buy a stake in the club, reported to be around 70 per cent, but President Silvio Berlusconi is unsure.

The former Italian Prime Minister declared this weekend that he would rather sell the Rossoneri to Italian investors, but has since been photographed apparently meeting with the Chinese conglomerate.

Corriere dello Sport reports that the group from the Far East is growing increasingly frustrated with the patron, and have set a final deadline for tomorrow.

Berlusconi and the Diavolo’s holding company Fininvest must agree to grant the Chinese exclusivity, the paper reports, or the group will walk away.

Fininvest, the company founded by Berlusconi hold 99.9 per cent of shares in Milan, with the rest being held by various small shareholders.

There will reportedly be no extensions to the deadline, unless Berlusconi agrees in principle to the sale but more details are needed for it to go through.