Marco Fassone will be in China next week for reasons allegedly also tied to the transfer market budget while the companies that are involved in the purchase will be revealed next month.
The date of the closing is fast approaching and while the exact day is not yet confirmed, the intention of Sino-Europe Sports Investment Management Changxing Co. Ltd is to complete the buy of 99.93% of Milan by the 20th of November – the date of the derby vs Inter.
According to Sky Italia and Sport Mediaset’s Carlo Pellegatti There are still some details to iron out regarding the passage of the money from China to Italy.
On Monday, future CEO Marco Fassone is ready to fly out to China where he’s expected to spend the entirely of next week. Fassone is said to be going there in order to meet with possible new sponsors who would like to work with Milan and also to meet with the head of the group buying the Diavolo for a total of €740 million.
Pellegatti claims that one of the things that will be discussed between Fassone and the Chinese owners is the market strategy for January as the investors would like to understand whether coach Vincenzo Montella is looking for starters or simply alternatives to enrich the bench, which clearly lacks depth. In the summer of 2017, in any case, the serious investment is expected to be made.
The Mediaset reporter, who has been close to Milan for years (but his words should still definitely be taken with a grain of salt), also says that the list of companies making up the consortium will be revealed 10 days before the closing, possibly in the days between November 8 and 10.
As reported by La Repubblica this week, two big companies have recently joined the consortium and are alongside multinational electronics TCL Corporation, the company Ping An Insurance, China Construction Bank & Baoshang Bank, the groups China Huarong Asset Management and Haixia Capital Management, and of course Sino-Europe Sports’ chairman and sponsor Yonghong Li.
Things are moving forward and very soon President Silvio Berlusconi, Adriano Galliani and Barbara Berlusconi will clear the way to allow new people lead Milan to a – hopefully – successful future.