The Chinese takeover of Milan is now reportedly negotiating for 80 per cent of the stock rather than 70 per cent.
It has been suggested today that a deal will be announced on July 7, the day pre-season training begins.
News agency Ansa claim that a definitive step forward was made when the Chinese investors – whose identity remains fairly mysterious – want to buy 80 per cent of the club rather than 70 per cent.
President Silvio Berlusconi will remain on as a minority shareholder, but this speeds up the process of a complete takeover from the original plan.
Next week negotiations will continue and, if Berlusconi gives the go-ahead, can be signed on July 7.
La Gazzetta dello Sport also notes today that the new owners have €100m ready to pour into the transfer kitty.
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