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OFFICIAL: AC Milan Sold To A Group Of Chinese Investors!!

After months of waiting, the sale of AC Milan was finally sealed this Thursday. The rossonera stable is now owned by Chinese investors.Finally, The sale of AC Milan is finally registered. For several years, the sulphurous Silvio Berlusconi has been trying to sell the club he has owned since 1986. A file that took time to finalize. In August 2015, a preliminary agreement was announced for the transfer of 48% of Berlusconi’s holding to Bee Taechaubol, a Thai businessman supported by the Doyen Sports investment fund. The transaction was valued at € 500 million. But the matter was not finally settled. Not enough to discourage Il Cavaliere who was then approached by the owner of the Chinese online commerce Alibaba, Jack Ma.

The Transalpine press was convinced, this time it was the right one. Especially since a colossal sum of 700 M €. What to satisfy the demanding Berlusconi? No, since he had entrusted to his Facebook account in May 2016. “To those who tell me to sell, I reply:” I have been trying for a year “. But I would leave the Milan in good hands, hands that guarantee him to play the leading roles in the future. And, it would be better, in Italian hands. ” This file definitively closed, the boss of the Rossoneri had not said his last word. Indeed, Italian company Fininvest, which belongs to Berlusconi and which holds 100% of the Lombard club, had formalized in the summer of 2016 exclusive negotiations with a Chinese consortium.

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AC Milan passes under Chinese flag

And this time, it was the right one! The emblematic president of AC Milan has reached an agreement on the sale of 99% of its shares to Chinese investors of Sino-Europe Investment Management Changxing. But the sale of the club, estimated at 740 M €, has been postponed several times. Last December the two sides announced that the final cessation agreement was handed over to March 3, 2017. But it finally had to wait until April 13, 2017 for everything to be settled. Fininvest has just communicated on its official website   : “AC Milan: the sale of 99.9% of the Fininvest club to Rossoneri Sport Investment Lux finalized. Fininvest has finalized the sale to Rossoneri Sport Investment Luke of its entire stake, representing 99.3% of the shares in AC Milan.

A page turned to AC Milan. Besides Berlusconi, Galliani is not part of the new management team. The new president of the club will be Yonghong Li. To support him in his mission, he will be assisted by Marco Fassone (new Managing Director) and Massimiliano Mirabelli, appointed Sporting Director. This sale will offer new prospects to AC Milan which will therefore have the means to invest on the mercato and to be able to regain its standing of yesteryear.

-Foot mercato

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Written by How Africa

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