Here’s how AC Milan’s new owners hope to generate income: Where does money come from?
That € 100 million belong to Fininvest even if the deal eventually collapses. The big question now is: what’s the current stage of negotiations? Bloomberg claimed yesterday that Chinese consortium is struggling to find new investors, but, as far as we know, a full list of investors has been already made (they are nine in total) and also economical issues are supposed to have been solved, which means the closing is very likely to happen by the date mentioned above.
However, there might be another problem. A direct involvement of the Chinese government is impossible to be proved at this stage as Haixia Capital (semi-owned government company) must present documents subscribed by private investors.
The only subject involved in negotiations, at the moment, is Yonghong Li, a pretty rich business man, but definitely not as reach to justify an investment worth hundreds million euros. Money should come from a handful of almost unknown Chinese investors who would then try to enter the stock market to generate incomes. A pure financial operation, but, yet again, what’s the origin of money?
In modern, globalized economy, the problem is not to get the money, but to justify where that money is coming from. Now it’s just a matter of time. The identities of just two out of nine investors have been unveiled so far (Yonghong Li and Haixia), there are seven more left. We are waiting to learn the identities of the rest to understand whether concerns about a correct development of this operation are justified or not.
From Carlo Festa, economic journalist at Il Sole 24 Ore, translated by @lorebetto
Read the original article (in Italian)
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