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JUST IN: Milan and Chinese consortium close to agreeing sale of 70% of club
China Daily is reporting that the group - which includes the Evergrande group - has reached an agreement with the current ownership to buy 70% of Milan, with negotiations still in progress to acquire the other 30% of the Rossoneri. The whole transaction should cost something like €700 million.
The Chinese consortium would not take over the running of the club, with Berlusconi remaining in charge for 2-3 years until it is acquired in full
Here's a curious detail: Fininvest have requested a full list of all the members of the consortium, how many they are and what percentage of the club they will each be taking on.
Were the two sides were to agree to everything, they should agree to a contract between June 15th and June 20th.
@EdoDalmonte
