AC Milan sale moves closer as new owner arrives in Italy

by BobbyT 0

The delayed sale of AC Milan moved a step closer to completion after the leader of the group buying the club arrived in the Italian city.

Yonghong Li flew in on Wednesday to complete the purchase of Milan by Rossoneri Sport Investment Luxembourg.

The transfer of the final €190 million — in addition to the €250m deposit already paid and the €180m loaned by American fund Elliott Management — is expected to arrive during the day, and the sale to be completed on Thursday.

The sale has been postponed twice — in December and March.

Former Italian Prime Minister Silvio Berlusconi has owned Milan for 31 years. The new owners’ first match will be Saturday’s derby against Inter Milan.


 

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