It’s reported that the deadline for the sale of Milan could be extended, as the two parties haggle over clauses.
Rossoneri President Silvio Berlusconi is in negotiations with a Chinese consortium, but a preliminary agreement must be signed by June 15.
However, Corriere dello Sport is reporting that some clauses which must be met are delaying negotiations.
The Chinese plan is to create a new holding company, which would then be floated on the stock exchange before buying the club from Fininvest.
It’s reported that the deadline for the sale of Milan could be extended, as the two parties haggle over clauses.
Rossoneri President Silvio Berlusconi is in negotiations with a Chinese consortium, but a preliminary agreement must be signed by June 15.
However, Corriere dello Sport is reporting that some clauses which must be met are delaying negotiations.
The Chinese plan is to create a new holding company, which would then be floated on the stock exchange before buying the club from Fininvest.
However, Berlusconi’s holding company have inserted some very specific clauses which must be met, and that is causing a delay in finding agreement.
The former Prime Minister – who is currently in hospital after a heart scare – could therefore grant a few more days to complete the deal, which would be taken as a sign of his willingness to get the takeover done.
It’s thought the Chinese consortium have agreed to Berlusconi’s demands of future investment, with €1.5bn of future liquidity available.
Corriere dello Sport also reports that any deal for Manuel Pellegrini is subject to the takeover going through.