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AC Milan Slowly Edging Closer To Sale

Sale delayed, future owners cough up more money

AS Roma v AC Milan - Serie A Photo by Paolo Bruno/Getty Images

The Chinese takeover of AC Milan has become a slow process, with the complete closing of the deal looking to be March 3. But wasn’t it meant to be done, well, yesterday, or the day before?

The consortium, which is backed by Yonghong Li, were meant to complete the sale by December 13. Well, it’s December 15 and no completion. This is apparently because the group was struggling to get approval from the Chinese government for the deal. Silvio Berlusconi’s holding company and the Sino-Europe Sports group have reportedly agreed to a three-month delay, hence the March 3 projection.

The agreement also required the Chinese consortium to cough up another 100 million euros by Monday, bringing the deposit total to 200 million euros.

Whether this has any effect on the transfer budget for Milan in the January window is unknown. Hopefully not, but with all things rossoneri, you never truly know. Stay tuned!