NEWS
Sunday August 7 2016
Owners want Milan ‘back at top’

The Chinese consortium buying Milan say they want to return the club ‘to the top of the world.’

The group, headed by Yonghong Li, signed preliminary documents on Friday to trigger the beginning of their takeover of the Rossoneri from Silvio Berlusconi.

It is expected that it will take another few months before all the formalities of the deal are officially completed, but the consortium have issued a brief message calling for fans to remain calm.

“We hope the fans remain calm,” a group spokesman is quoted to have said on Milannews.it.

“If we have made this investment it is because we want Milan to return to being on top of the world. It is one of our targets.”

Milan were given an immediate boost of €15m in transfer funding as of the contracts being signed, with a further €85m expected to be provided soon. The group are committed to investing €350m in the team over the next three years.