NEWS
Thursday May 12 2016
Berlusconi accepts Chinese offer?

It’s reported Silvio Berlusconi has accepted the Chinese consortium’s €550m offer to buy Milan.

A group from the Far East have been granted exclusivity to negotiate a deal to take over the club, and it’s thought that they’ll take over around 70 per cent.

It was reported today that a sticking point could be Berlusconi, as it’s thought he wants to maintain an active role in the decision making at the club even after a sale.

Now Tuttomercatoweb is reporting that the former Italian Prime Minister has accepted an offer of €550m, with the agreement that the Rossoneri’s €250m debt will also be paid-off.

The website further claimed that Berlusconi turned down an offer of over €750m, as the correct guarantees were not in place.

It’s not clear how much equity will be sold, but it’s believed to be a majority stake, with the final details to be announced in the coming hours.

However, it must be noted that there has been no statement from Fininvest or any official sources, so the reports must be taken with a pinch of salt.