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Milan Takeover nears ‘end’ as investors struggle for cash

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You saw this coming.

AC Milan Unveils 'Casa Milan' Photo by Marco Luzzani/Getty Images

Well - that seems like it, folks.

Sino-Europe Sports, also known as SES are likely going to fall short of the €100 million needed to secure a third deposit towards the purchase of AC Milan from Silvio Berlusconi and Fininvest. SES have paid €200 million already, but couldn’t gather the remaining funds - having been given two separate deadlines by Berlusconi and AC Milan. SES managed to extend their shot at buying Milan by laying down two deposits, but that seems to be all over.

Sky Sports News understands that SES have only got €20 million in funds, which is of course just 20% of what they would need to once again extend Berlusconi’s deadline.

While anything could happen as SES open their nets wide for investors, the sale of Milan to their group looks more unlikely than ever and I’d take an educated guess on this - it’s not going to happen and it never was.