Milan (AFP) – The sale of AC Milan to a Chinese consortium was officially postponed Friday after their failure to meet financial demands by the agreed deadline of March 3.
Berlusconi agreed in August 2016 to sell the club to Sino-Europe Sports (SES) in a deal that values the Serie A giants at 740 million euros ($825.4 million).
Despite making a down payment of 200m euros for the seven-times European champions, SES did not meet Friday’s deadline to complete the purchase of the club.
At a shareholders meeting on Friday, club CEO Adriano Galliani called for SES to conclude the deal “as soon as possible”. No new date has been set.
200+ Channels With Sports & News
- Starting price: $33/mo. for fubo Latino Package
- Watch Premier League, Women’s World Cup, Euro 2024 & Gold Cup
The New Home of MLS
- Price: $14.99/mo. for MLS Season Pass
- Watch every MLS game including playoffs & Leagues Cup
Many Sports & ESPN Originals
- Price: $10.99/mo. (or get ESPN+, Hulu & Disney+ for $14.99/mo.)
- Features Bundesliga, LaLiga, Championship, & FA Cup
2,000+ soccer games per year
- Price: $5.99/mo
- Features Champions League, Serie A, Europa League & Brasileirāo
175 Premier League Games & PL TV
- Starting price: $5.99/mo. for Peacock Premium
- Watch 175 exclusive EPL games per season