NEWS
Saturday June 25 2016
Milan takeover for 80 per cent?

The Chinese takeover of Milan is now reportedly negotiating for 80 per cent of the stock rather than 70 per cent.

It has been suggested today that a deal will be announced on July 7, the day pre-season training begins.

News agency Ansa claim that a definitive step forward was made when the Chinese investors – whose identity remains fairly mysterious – want to buy 80 per cent of the club rather than 70 per cent.

President Silvio Berlusconi will remain on as a minority shareholder, but this speeds up the process of a complete takeover from the original plan.

Next week negotiations will continue and, if Berlusconi gives the go-ahead, can be signed on July 7.

La Gazzetta dello Sport also notes today that the new owners have €100m ready to pour into the transfer kitty.