NEWS
Thursday April 13 2017
Li: ‘We'll bring Milan back’

New Milan owner Yonghong Li thanks Silvio Berlusconi after completing the takeover and promises “we’ll lead this legendary team back to the top”.

Rossoneri Sport Investment Lux finally completed their purchase of the club from Berlusconi’s holding company Fininvest today, paying a total of €830m.

“I thank Berlusconi and Fininvest for their trust and Rossoneri fans all over the world for their patience,” the new owner told sports.163.com.

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NEWS
Thursday April 13 2017
Official: Berlusconi sells Milan

The takeover of Milan has officially been completed, with Silvio Berlusconi selling the club after 31 years.

A consortium led by Chinese businessman Yonghong Li has been attempting to buy the Rossoneri for some time, but the deal was hit by a series of delays.

However, after Sino-Europe Sports became Rossoneri Sport Luxembourg and received investment from an American hedge fund, a meeting was held this morning to ratify the sale.

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NEWS
Thursday April 13 2017
Milan sale today

The takeover of Milan by a Chinese group is expected to finally be completed today.

Silvio Berlusconi has been trying to sell the club for some time, but the takeover by Yonghong Li’s consortium has been repeatedly delayed.

However, after investment from a US hedge fund it appears the takeover will now happen, and that today will be the historic day.

Corriere della Sera reports that the remaining €370m will be paid today, with the handover to take place at a law firm in central Milan.

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NEWS
Wednesday April 12 2017
Milan board disbanded

The Milan Board of Directors have resigned after the final meeting of the Silvio Berlusconi era, as Yonghong Li’s takeover is almost complete.

This morning Yonghong Li flew in from Hong Kong, while Han Li had already been in Milan yesterday for meetings with new directors Marco Fassone and Massimiliano Mirabelli.

This afternoon the Milan Board of Directors had the last meeting of the 31-year Berlusconi era, in which the counsellors handed in their resignation.

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NEWS
Wednesday April 12 2017
Chinese arrive for Milan completion

Yonghong Li has been photographed arriving at Milan Malpensa airport in order to complete the takeover of Milan tomorrow.

Gazzetta dello Sport reports that the broker must now pay €190m to complete the deal, a sum in addition to the €250m already deposited, with a final €180m now guaranteed by the American Elliott.

The money is said to be in Luxembourg and will be deposited into the Fininvest accounts tomorrow morning, in order that the takeover be finally completed.

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NEWS
Tuesday April 11 2017
New Milan chiefs meet

The new Milan is forming at last, as today Marco Fassone, Han Li, Massimiliano Mirabelli and Yonghong Li's lawyers met and will be at Juventus-Barcelona tonight.

The long-awaited closing of the takeover has been postponed repeatedly and the structure of the investors changed several times.

With the closing set for Thursday and the Derby della Madonnina with Inter on Thursday April 13, several key figures are congregating in Italy to finalise the details.

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NEWS
Monday April 10 2017
Lippi: ‘No-one knows Milan owners’

Marcello Lippi discusses Milan’s expected new owners - “no-one in China knows who these people are”.

The World Cup-winner is currently in charge of the Chinese national team, and with Yonghong Li expected to compete his takeover of the Rossoneri this week, the Coach was asked about the sale.

“We should once and for all end this saga about the sale of the club,” Lippi told SportItalia.

“No-one in China knows who these people are, while obviously the Suning Group which bought Inter is very well known.”

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NEWS
Monday April 10 2017
Han Li meets Fininvest

It’s reported Han Li of Rossoneri Sport Luxembourg met Fininvest today, ahead of their takeover of Milan on Thursday.

A consortium led by Yonghong Li appears to finally be on the verge of buying the club from Silvio Berlusconi, after a series of delays.

The closing is scheduled for Thursday, and Sky reports that executive director of Rossoneri Sport, Han Li, met with Fininvest executives today.

The rest of the Chinese delegation are expected to arrive on Wednesday, indicating that the takeover is finally nearing completion.

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NEWS
Wednesday April 5 2017
Berlusconi: ‘Closing on schedule’

Milan President Silvio Berlusconi confirms the sale of the club is still set for “April 13, 14”.

After a series of delays, it appears the Rossoneri are finally to be sold to Yonghong Li, formerly of Sino-Europe Sports, before the Easter derby with Inter.

Given the number of hitches there have been in the deal so far, Diavolo supporters are looking for reassurance that the deal will go though, and the patron offered a brief update on a visit to Salone del Mobile di Milano.

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NEWS
Friday March 31 2017
Milan closing moved forward?

Reports suggest the sale of Milan could be moved forward a day, to Thursday April 13.

After a series of delays, Li Yonghong’s takeover of the Rossoneri appears to finally be reaching a conclusion, following investment from an American hedge fund.

A shareholders’ meeting has been called to officially ratify the sale on April 14, but this is a formality as holding company Fininvest controls 99.93 per cent of shares.

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