Milan buyers to lose €100m if they can't close deal in 26 days
Though it’s not a panic yet, the Italian papers are starting to worry about AC Milan’s eventual sale to the Chinese Consortium we’ve read so much about.
To avoid this problem, Yonghong Li and Li Han are trying to come up with a Plan B, hoping to get money from European banks. They’re set to pick up 25% of the club’s shares, 20% going to the state-owned Haixia, and the rest to be split between Insurance giant Ping An, and potentially another unknown investor.
A number of rumours have emerged since it became apparent that the €420m has yet to be moved over to Italy: the Corriere della Sera claims that the Chinese took offence to Milan mayo Giuseppe Sala’s decision to make the Dalai Lama an honourary citizen.
Then again, Italian prime minister Matteo Renzi’s meeting with his Chinese counterpart, Xi Jinping, could well have helped.
Either way, a shroud of mystery still surrounds the case. Rossoneri fans can only hope that it will be lifted as soon as possible.
