NEWS
Monday June 27 2016
New offer for Milan sale?

Milan may reject the bidding Chinese conglomerate as a new offer is rumoured to be on the table to buy the club.

The Rossoneri have been plodding through one of the slowest negotiation processes in modern Serie A history, and now appear close to selling the club to a business group from the Far East.

However, the deal is not entirely to president Silvio Berlusconi's satisfaction, as he would prefer to sell a minority share of the club and retain control.

La Gazzetta dello Sport reports that, according to internal sources, there is a new offer on the table for the buying of Milan.

The new group would be content with 30-40 per cent of the club's assets, meeting the president's requirements.

For the moment, the Chinese have a deal of exclusivity with Milan's holding company Fininvest, which allows no other negotiations to take place until the early days of July.

They have recently upped their offer and are looking to buy 80 per cent of the club, up from their previous request of 70 per cent.