NEWS
Thursday March 2 2017
Could Milan abandon takeover?

Friday’s shareholder’s meeting will be decisive for the Milan sale to Chinese investors, but there are reports Silvio Berlusconi could pull the plug.

The situation has been dragging on since pre-season and the closing of the sale to Sino-Europe Sports postponed repeatedly.

It was meant to be finalised tomorrow, but over the last few days reports emerged that SES did not have the necessary €320m ready.

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NEWS
Thursday March 2 2017
Milan closing moved to April 7?

According to the latest reports, the closing for Milan’s sale to Chinese investors will be postponed to April 7 with a new €100m deposit.

The closing was meant to be tomorrow, having already been postponed numerous times, but problems emerged with the remaining €320m to be handed over to Silvio Berlusconi’s holding company Fininvest.

Pasquale Campopiano, who has been the foremost authority on the entire affair since it started last year, claims the closing will formally be postponed to April 7.

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NEWS
Tuesday February 28 2017
Milan closing postponed to April?

The Milan closing could be postponed by another 30 days with a new €100m payment, as Sino-Europe Sports don’t have the €320m.

The closing had been all set for Friday March 3 and until this afternoon it had seemed to finally be on track.

Milan TV confirmed “there are some meetings on-going between Fininvest and Sino-Europe Sports, as some small problems have emerged that should be clarified, one way or the other, by tonight or tomorrow morning.”

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NEWS
Monday February 27 2017
Milan Press conference on Saturday

Reports suggest the Press conference to present Milan’s new owners will be held on Saturday morning.

Sino-Europe Sports will complete their takeover of the Rossoneri on Friday, barring any last-minute hitches, with Silvio Berlusconi selling the club after more than 30 years as President.

Premium Sport reports that Yonghong Li will become the new President, or executive vice-President if Berlusconi stays on in an honorary role.

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NEWS
Thursday December 22 2016
Sino-Europe: ‘We have a Plan B’

Yonghong Li of Sino-Europe Sports assures “we’ve identified an alternative investment structure” if the Chinese government delays the purchase of Milan.

The deal was supposed to be completed this month, but the consortium were forced to delay until March as they were not permitted to move the money out of China.

“I’m sorry for the fans who, quite legitimately, wanted the sale to be done quickly,” the President of Sino-Europe told Ansa.

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NEWS
Monday August 8 2016
Report: Milan sale in November

The sale of Milan to Chinese investors will be completed by November 4, according to reports.

Club President Silvio Berlusconi has signed a preliminary agreement to sell the Rossoneri to a Chinese consortium, with an initial €100m investment expected in the next month.

After that, there are final details, paperwork and investment to sort out before the official closing of the deal.

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NEWS
Saturday August 6 2016
Fassone director general of new Milan

Inter veteran Marco Fassone is chosen as Milan's incoming director general, but the new owners remain largely unidentified.

The Rossoneri may have been officially sold to the Chinese, resulting in a powerful injection of capital, but the process of rebuilding the club structurally has barely just begun.

The preliminary contract signed by president Silvio Berlusconi names Marco Fassone as the new director general at the club.

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