The Chinese buyers will take over all of Milan’s shares immediately instead of just a majority, but the sale is deferred again.
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In spite of president Silvio Berlusconi’s return to business activity, there still has been no decisive move for the sale of the club, an operation which has been in the works for over a year now.
According to the Corriere dello Sport, the sale has been delayed again by approximately one week. This may be due to the fact that the terms of the deal have reportedly changed.
Berlusconi was initially expected to sell 70-80 per cent of the club’s shares immediately, and the remaining amount within the coming two-three years.
Instead, he may now sell the entirety of the stock in one go, passing the full ownership of Milan to the incoming Chinese conglomerate this summer.
Apparently, this could be a new solution agreed on by the two parties after difficulties in guaranteeing a second payment further down the line to settle for the remaining 20-30 per cent of the shares.
