NEWS
Saturday March 25 2017
SES hunt for new Milan loans

According to the latest reports, Sino-Europe Sports hope to complete the Milan takeover with €200m on loan from Elliott Management Corporation.

The closing has been repeatedly postponed due to a lack of funds and SES were meant to hand over a new €100m deposit by last night, but only €50m arrived with financial guarantees on another €50m.

This would prompt the Rossoneri to give Sino-Europe Sports until April 14 to come up with the remaining €160m for the closing.

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NEWS
Wednesday March 22 2017
Milan receive just €20m from SES

According to several reports, Sino-Europe Sports have paid €20m, but Milan want the full €100m deposit by Friday.

The takeover by a Chinese conglomerate remains up in the air after the closing was postponed several times over the last few months.

Silvio Berlusconi’s Fininvest company are prepared to delay the closing further, but only if they receive another non-refundable €100m deposit by this week.

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NEWS
Wednesday March 15 2017
Haixia pulls out of Milan takeover?

According to financial experts Bloomberg, Sino-Europe Sports have lost the backing of Haixia Capital Management, leaving just Yonghong Li to buy Milan.

The takeover has been delayed repeatedly due to a lack of funds and the ever-changing group of investors behind SES remains mysterious.

A third €100m deposit is expected to be paid today, taking the total sum already invested to €300m, with the closing hopefully on April 7.

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NEWS
Saturday March 4 2017
Milan investors 'evaporated'

The Milan takeover by Sino-Europe Sports could be abandoned and Silvio Berlusconi keep the €200m, but financial analysts have “never seen anything like it.”

The closing has been postponed repeatedly since the initial agreement in August 2016 and had been due for Friday, but that deadline also passed without the necessary funds.

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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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