NEWS
Friday December 2 2016
Milan confirm investor meeting

Fininvest and Sino-Europe Sports released a joint statement, but it’s reported today they finally revealed the list of Chinese investors in Milan.

This evening the two companies sent out a Press release confirming their meeting to discuss the current situation.

While the closing has been set for December 13, there could be a delay of up to six weeks to get the necessary clearance from China to take funds abroad.

“This was done in a positive and constructive climate,” read the statement. “Fininvest and SES agreed to meet again next week to get deeper into the situation.”

According to Sky Sport Italia, the meeting above all saw the list of investors presented to Silvio Berlusconi’s Fininvest holding company for the first time.

This will finally allow for some transparency, though the names won’t be released publicly until the sale is complete.

They also discussed an extra deposit of up to €100m in case the sale of the club is postponed until 2017.