NEWS
Wednesday November 30 2016
Fininvest asks for Milan investors

Fininvest is requesting the full list of potential investors in Milan before accepting a delay, according to reports.

Rumours have been growing in recent days that the Chinese consortium Sino-Europe Sports will ask for an extension on the December 13 deadline to complete their purchase of the club.

Ostensibly, this is because the Chinese government may not authorise the transfer of the money out of China in time to get the deal done.

In return, it was believed Sino-Europe would offer a new deposit as a guarantee of good faith, but Mediaset is reporting that Silvio Berlusconi’s holding company Fininvest will waive that.

Instead, the directors would like to see a complete list of those who will be involved in the consortium, not just the main players, before granting an extension.

This would be to verify the economic robustness of the group, and whether the delay is indeed only down to bureaucracy.