Reports suggest Fininvest has received the €100m deposit from Sino-Europe Sports for the sale of Milan.
The Chinese consortium was supposed to complete its takeover this month, but the deal has now been delayed until March.
By way of compensation, the new investors promised a further deposit of €100m, and Gazzetta dello Sport is reporting that the money has been received.
Reports suggest Fininvest has received the €100m deposit from Sino-Europe Sports for the sale of Milan.
The Chinese consortium was supposed to complete its takeover this month, but the deal has now been delayed until March.
By way of compensation, the new investors promised a further deposit of €100m, and Gazzetta dello Sport is reporting that the money has been received.
Quoting “sources close to the negotiation”, the newspaper says the other €320m will have to be paid by March 3 to acquire the agreed 99.93 per cent of shares.
A statement from both Fininvest and Sino-Europe Sports is expected later today.