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Milan, from Berlusconi green light to Chinese negotiation

The consortium of advisor Sal Galatioto would start with an acquisition of 70%, to then arrive at taking the entire club, valued at around 700 million euros, within a year – Fininvest: “Exclusive negotiation”.

Milan, from Berlusconi green light to Chinese negotiation

Silvio Berlusconi's ok has finally arrived: from today we are negotiating with the Chinese, who, although annoyed by the latest social outing of the Cavaliere - who has declared that he prefers a transfer to an Italian entrepreneur - are still more than willing to negotiate the company transfer of the Rossoneri club, for a total value of just over 700 million euros. As reported by the press agencies, the President of Milan, after the outburst on Facebook in which he also removed a few pebbles from his shoe regarding the club's negative momentum, gave his assent to the start of the exclusive and non-binding negotiation with there consortium of advisor Sal Galatioto, which would start with a 70% acquisition, to then take over the entire club within a year. 

For this reason, a extraordinary board of Fininvest (which controls Milan), from which it emerged that the company has reached an agreement for a period of exclusivity with a group of Chinese investors relating to the sale of a share in AC Milan. At the same time, a memorandum of understanding was signed - a press release specifies - starting from which an in-depth negotiation will be launched. "The exclusivity period - it reads - has been defined in such a way as to be compatible with the complexity of the issues to be discussed, the needs of the club and the appointments scheduled in the calendar of football activities".

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