Connect with us

AC Milan

Payment keeps Chinese Milan buyout on track


Milan (AFP) – A Chinese consortium in the process of buying AC Milan said Tuesday it had made a second 100-million-euro down payment, keeping the deal on track to be completed in March.

According to the consortium’s PR advisers, Sino-Europe Sports (SES) made the payment to Fininvest, the holding company of Milan’s media tycoon owner, Silvio Berlusconi.

Berlusconi, 80, has agreed to sell Milan to SES in a deal that values the famous club at 740 million euros ($825.4 million).

The deal was initially supposed to be completed on Tuesday but completion was last week postponed until March at the request of the Chinese purchasers.

Milan’s neighbours Inter Milan are already under Chinese owenership.

200+ Channels With Sports & News
  • Starting price: $33/mo. for fubo Latino Package
  • Watch Premier League, World Cup, Euro 2024 & more
  • Includes NBC, USA, FOX, ESPN, CBSSN & more
Live & On Demand TV Streaming
  • Price: $35/mo. for Sling Blue
  • Watch Premier League, World Cup & MLS
  • Includes USA, NBC, FOX, FS1 + more
Many Sports & ESPN Originals
  • Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
  • Features Bundesliga, LaLiga, Championship, & more
  • Also includes daily ESPN FC news & highlights show
2,000+ soccer games per year
  • Price: $4.99/mo
  • Features Champions League, Serie A, Europa League & NWSL
  • Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
  • Starting price: $4.99/mo. for Peacock Premium
  • Watch 175 exclusive EPL games per season
  • Includes Premier League TV channel plus movies, TV shows & more

Click to comment

Leave a Reply

Your email address will not be published.

More in AC Milan

Translate »