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AC Milan sale delayed until March

Published by Daily Times on Fri, 09 Dec 2016


A deal to sell AC Milan to a Chinese consortium has been delayed until March 3. A joint statement between Fininvestthe holding company of Milan owner Silvio Berlusconiand Chinese investors Sino-Europe Sports (SES) on Wednesday confirmed the new sale date. Originally, the transition was expected to be completed by mid-December, but reports suggest SES struggled to obtain approval for the purchase from the Chinese government. As part of the delay, SES has agreed to pay a further 100million in addition to the 100m it had already deposited.The post AC Milan sale delayed until March appeared first on Daily Times Nigerian Newspaper.
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