AC Milan sale delayed until March
A deal to sell AC Milan to a Chinese consortium has been delayed until March 3. A joint statement between Fininvest – the holding company of Milan owner Silvio Berlusconi – and Chinese investors Sino-Europe Sports (SES) on Wednesday confirmed the new sale date. Originally, the transition was expected to be completed by mid-December, but reports suggest SES struggled to obtain approval for the purchase from the Chinese government. As part of the delay, SES has agreed to pay a further €100million in addition to the €100m it had already deposited.
