Silvio finally sells AC Milan to Chinese
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Silvio finally sells AC Milan to Chinese
Silvio Berlusconi Sells Ac Milan
The takeover of Milan has officially been completed, with Silvio Berlusconi selling the club after 31 years.
Former Italian Prime Minister Silvio Berlusconi has sold Ac Milan Club after 31 years.A consortium led by Chinese businessman Yonghong Li has been attempting to buy the Ac Milan Club for some time, but the deal was hit by a series of delays.
However, after Sino-Europe Sports became Rossoneri(Ac Milan) Sport Luxembourg and received investment from an American hedge fund, a meeting was held this morning to ratify the sale.
“Fininvest had today finalised the sale to Rossoneri Sport Investment Lux of the entire stake, amounting to 99.93 per cent, in AC Milan”, an official joint-statement confirms.
"Today's finalisation gives full effect to the takeover agreement signed by the managing director of Fininvest, Danilo Pellegrino, and David Han Li, the representative of Rossoneri Sport Investment Lux on August 15, 2016 and renewed on March 24 of this year.
"The details of the agreement are those announced and provide an overall valuation of AC Milan at €740m, consisting of a debt burden evauated on June 30, 2016, as per the agreements between the parties, of around €220m.
"That amound has been collected by Fininvest, along with €90m as reimbursment of capital contributions made by Fininvest in favour of Milan from July 1, 2016 to today.
"The buyers have confirmed their commitment to make important recapitalisation investments to the balance sheet and the financial strengthening of AC Milan.
"Tomorrow, Friday April 14, the general shareholders' meeting of AC Milan shareholders will, among other things, vote on the appointment of the new corporate bodies of the company.
However, Berlusconi said “I do so with pain and emotion, but with the knowledge that in the modern game, to compete at the highest European and world levels takes investment and resources a single family can no longer support.
Source : http://app.football-italia.net/index.ht ... u=news-all
The takeover of Milan has officially been completed, with Silvio Berlusconi selling the club after 31 years.
Former Italian Prime Minister Silvio Berlusconi has sold Ac Milan Club after 31 years.A consortium led by Chinese businessman Yonghong Li has been attempting to buy the Ac Milan Club for some time, but the deal was hit by a series of delays.
However, after Sino-Europe Sports became Rossoneri(Ac Milan) Sport Luxembourg and received investment from an American hedge fund, a meeting was held this morning to ratify the sale.
“Fininvest had today finalised the sale to Rossoneri Sport Investment Lux of the entire stake, amounting to 99.93 per cent, in AC Milan”, an official joint-statement confirms.
"Today's finalisation gives full effect to the takeover agreement signed by the managing director of Fininvest, Danilo Pellegrino, and David Han Li, the representative of Rossoneri Sport Investment Lux on August 15, 2016 and renewed on March 24 of this year.
"The details of the agreement are those announced and provide an overall valuation of AC Milan at €740m, consisting of a debt burden evauated on June 30, 2016, as per the agreements between the parties, of around €220m.
"That amound has been collected by Fininvest, along with €90m as reimbursment of capital contributions made by Fininvest in favour of Milan from July 1, 2016 to today.
"The buyers have confirmed their commitment to make important recapitalisation investments to the balance sheet and the financial strengthening of AC Milan.
"Tomorrow, Friday April 14, the general shareholders' meeting of AC Milan shareholders will, among other things, vote on the appointment of the new corporate bodies of the company.
However, Berlusconi said “I do so with pain and emotion, but with the knowledge that in the modern game, to compete at the highest European and world levels takes investment and resources a single family can no longer support.
Source : http://app.football-italia.net/index.ht ... u=news-all
Jesus didn't die so we could have religion. He died so we could have a deep, intimate, personal relationship with God.
Re: Silvio finally sells AC Milan to Chinese
Great news
"Everyone, and particularly every true beliver, should decide which is more important to them. But as for me, I choose eternity over lifetime".
Re: Silvio finally sells AC Milan to Chinese
It will take Milan years to regain its European football glory..
Jesus didn't die so we could have religion. He died so we could have a deep, intimate, personal relationship with God.
Re: Silvio finally sells AC Milan to Chinese
Not really if this Chinese invested well in the club and football is more important than profit.Purity wrote:It will take Milan years to regain its European football glory..
But not the glory days where they were at one point ahead of an y club in Europe .
They can be top 10 teams.
Re: Silvio finally sells AC Milan to Chinese
Purity wrote:It will take Milan years to regain its European football glory..
AC Milan may be on it's way back, it has a new look, i think will check on it more often
Re: Silvio finally sells AC Milan to Chinese
Where are all dem so called Naija Billionaires?
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Re: Silvio finally sells AC Milan to Chinese
We are tired of the Barca-Madrid duopolybenteke wrote:Purity wrote:It will take Milan years to regain its European football glory..
AC Milan may be on it's way back, it has a new look, i think will check on it more often
Ratlala :thumbs: :D
https://youtu.be/8CZLsYase0Q
https://youtu.be/8CZLsYase0Q