NEWS
Thursday November 10 2016
Milan closing set for Dec 2

New reports suggest Milan will complete the ‘closing’ of the sale to Chinese investors on December 2.

The new owners have already appointed several key members of staff to help smooth the transition.

Among them is director general and CEO Marco Fassone, who has been in China over the last few days for a series of meetings.

According to Pasquale Campopiano, who has always been very close to the Rossoneri developments throughout, and La Repubblica, there was a key agreement reached today.

Fassone, Silvio Berlusconi’s company Fininvest and the advisors of the Chinese investors have decided to enact the closing on December 2.

On that same day there will be a shareholder’s meeting and Board of Directors meeting.

It's also reported that the remaining €440m will be paid into the Fininvest accounts on November 21 - the day after the derby with Inter - after already paying €100m.