The takeover of Milan has officially been completed, with Silvio Berlusconi selling the club after 31 years.
Former Italian Prime Minister Silvio Berlusconi has sold Ac Milan Club after 31 years.A consortium led by Chinese businessman Yonghong Li has been attempting to buy the Ac Milan Club for some time, but the deal was hit by a series of delays.
However, after Sino-Europe Sports became Rossoneri(Ac Milan) Sport Luxembourg and received investment from an American hedge fund, a meeting was held this morning to ratify the sale.
“Fininvest had today finalised the sale to Rossoneri Sport Investment Lux of the entire stake, amounting to 99.93 per cent, in AC Milan”, an official joint-statement confirms.
"Today's finalisation gives full effect to the takeover agreement signed by the managing director of Fininvest, Danilo Pellegrino, and David Han Li, the representative of Rossoneri Sport Investment Lux on August 15, 2016 and renewed on March 24 of this year.
"The details of the agreement are those announced and provide an overall valuation of AC Milan at €740m, consisting of a debt burden evauated on June 30, 2016, as per the agreements between the parties, of around €220m.
"That amound has been collected by Fininvest, along with €90m as reimbursment of capital contributions made by Fininvest in favour of Milan from July 1, 2016 to today.
"The buyers have confirmed their commitment to make important recapitalisation investments to the balance sheet and the financial strengthening of AC Milan.
"Tomorrow, Friday April 14, the general shareholders' meeting of AC Milan shareholders will, among other things, vote on the appointment of the new corporate bodies of the company.
However, Berlusconi said “I do so with pain and emotion, but with the knowledge that in the modern game, to compete at the highest European and world levels takes investment and resources a single family can no longer support.


Source : http://app.football-italia.net/index.htm#article/footballitalia-101063&menu=news-all

Forza milan

China and big investments

China just de buy shaaaa

.hmmmm why Abram money no cum buy, so him go historically own 2 clubs....

long over due... the club don cast

Lemme get this straight, Ac Milan is now a Chinese owned club? China oti take over o

correct

China is desperate to improve their football. I like them for their focus and determination. They did the same thing with the Olympics.

Eh ya my great ac Milan forza Milan!

The great AC milian










YNWA representing

Where is Dangote?

I'm happy to see this deal eventually go through. Now, Milan can be Milan again.

Forza Milan

money is talking here

China and investment this days

BasketballGURU:
Now the funds will be released to sign world class players

My thoughts exactly. I can't wait to see AC Miland return to the top.

Juve here we come

See as small girl puna made dis man irrelevant







Women fear them both old and young

If you want to rise they are there for you. If you want to fall they never dissapoints they will aid destory urlife

AC Milan used to be my best football club...I'm still a fan anyway. #truefan

Watch out for AC Milan coming season.

wooow

A dawn of a new era in milan. I pray the chinese gives us more glory as we push to take over europe again. Thank you silvio berlusconi for a glorious 31years. Forza milan.

na you be the club killer abi

Milan fans right now be like.....

Owkay

BasketballGURU:
Now the funds will be released to sign world class players

erm we ie milan neva lacked money
berlusconi was one of the protagonists of ffp alongside abramovich
dis was done to stop clubs like man city frm gatecrashing into the top euro club table gerrit
but it backfired badly and he kept to ffp rules hence d milan u see tday
heck even d china boiz gonna invest 150 mil euros max for transfers
forza milan

maxiuc:
See as small girl puna made dis man irrelevant







Women fear them both old and young

If you want to rise they are there for you. If you want to fall they never dissapoints they will aid destory urlife

tell me more bro will love to knw