NEWS
Monday December 12 2016
Milan investors revealed?

According to the latest reports, Chinese investors buying Milan include Huarong International, Industrial Bank, Bank of Guangzhou and China Zheshang Bank.

The names of the investors in the consortium, named Sino-Europe Sports, have been kept under wraps even for Milan President Silvio Berlusconi.

As part of a deal allowing the postponement of the closing to March 2017, Berlusconi demanded to know who was buying his club.

According to Italian financial newspaper Il Sole 24 Ore, there are some very big hitters in the group along with known leaders Yonghong Li and Haixia.

They include Huarong International, Industrial Bank, Bank of Guangzhou and China Zheshang Bank.

Huarong and Haixia in particular are very close to the Chinese State.

Another €100m deposit is expected to be in the accounts of Berlusconi's holding company Fininvest by tomorrow.