According to la Gazzetta dello Sport, AC Milan’s parent company Fininvest have been able to verify the credibility of the Sino-Europe group and are set to grant the overseas investors an additional 30 days if Sino-Europe show a bit of cash and pay another €100 million deposit. This would be the third deposit paid to Silvio Berlusconi’s Fininvest who would, upon the payment of this latest deposit, have secured over €300 million from Sino-Europe.
Sino-Europe were initially set to complete their purchase of the Rossoneri on the 3rd of March, but were unable to find the funds to complete the purchase of AC Milan for the second time in a row following their initial delay last year.
What does this mean for the sale of AC Milan? Not a lot right now. The potential owners have already laid down two deposits and nothing has happened. What would a third mean? That they simply grant themselves another stay of execution?