US EUROPE AFRICA ASIA 中文
    Sports / Soccer

    Chinese group signs preliminary agreement to buy AC Milan

    By Wang Mingjie in London (chinadaily.com.cn) Updated: 2016-08-05 20:57

    A Chinese consortium, represented by businessman Li Han, signed a preliminary contract with Fininvest, the parent company of AC Milan, headed by former Prime Minister Silvio Berlusconi, taking a stake of 99.93 percent of the club, according to Fininvest.

    The agreement, after weeks of negotiation, values AC Milan at 740 million euros, including an estimated debt of approximately 220 million euros.

    The investors operate through the management company Sino-Europe Sports Investment Management Changxing Co. Ltd, chaired by Li Yonghong, who is the main sponsor of the investor group.

    The consortium also includes Haixia Capital, the State Development & Investment Corporation, and other state-controlled entities, which are active in the financial industry and other industrial sectors.

    The agreement requires the Chinese investors to undertake significant capital increases and liquidity injections, aimed at strengthening AC Milan's financial structure, for a total amount of 350 million euros over a three-year period, with 100 million euros to be paid the closing of the final deal.

    It also requires the acquirers to make a deposit of 100 million euros, confirming the commitments assumed, of which 15 million euros is payable upon signing and 85 million euros within 35 days of signing.

    The binding final contract between the parties will be completed by the end of 2016, subject to the obtaining of applicable authorizations from the Italian and Chinese authorities.

    Fininvest said in a statement: "During the entire negotiation process, Fininvest has always had the objective to provide AC Milan, through an appropriate ownership structure, with greater financial resources to compete with the top football clubs of the world."

    To contact the reporter: wangmingjie@mail.chinadailyuk.com

    Most Popular
    What's Hot
    Highlights
    Special
    ...
    日本无码小泬粉嫩精品图| 日韩中文字幕在线| 欧美日韩亚洲中文字幕二区 | 中文毛片无遮挡高潮免费| 中文人妻无码一区二区三区| 最好看最新高清中文视频| 久久精品无码一区二区三区| 曰韩人妻无码一区二区三区综合部| 日本中文字幕在线2020| 无码任你躁久久久久久| 国产热の有码热の无码视频| 亚洲精品色午夜无码专区日韩| 亚洲欧美日韩中文字幕一区二区三区 | 99久久无色码中文字幕| 国产精品无码久久四虎| 西西午夜无码大胆啪啪国模| 麻豆AV无码精品一区二区| 午夜视频在线观看www中文| 欧美人妻aⅴ中文字幕| 中文字幕7777| 日韩亚洲变态另类中文| 中文国产成人精品久久亚洲精品AⅤ无码精品 | 亚洲日韩欧美国产中文| 在线观看中文字幕| 久热中文字幕无码视频 | 中文字幕亚洲免费无线观看日本 | 日本久久中文字幕| 最近免费中文字幕大全免费版视频| 日韩欧美群交P片內射中文| 无码专区中文字幕无码| 最好看最新的中文字幕免费| 中文字幕视频在线| 中文字幕日韩人妻不卡一区| 无码人妻丝袜在线视频| 日韩精品无码一区二区三区四区| 中文字幕一区二区三区永久| 精品亚洲成A人无码成A在线观看 | AV无码久久久久不卡蜜桃 | 无码乱码观看精品久久| 亚洲国产成人精品无码久久久久久综合| 爽到高潮无码视频在线观看|