NEWS
Tuesday May 10 2016
Month and a half for Milan sale?

It’s reported the exclusivity period for Chinese investment in Milan is 45 days.

The Rossoneri’s holding company Fininvest confirmed today that it had granted a group of investors an exclusivity period for a potential takeover of the club.

The statement revealed that the timeframe had been established with footballing concerns in mind, and Gazzetta dello Sport reports that the Chinese group have 45 days to agree a deal.

It’s thought the agreed terms are €500m for 70 per cent of the club, which is the base from which negotiations will begin.

However, the deal is non-binding, so President Silvio Berlusconi could decide at any time to call a halt to negotiations.

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