AC Milan Sale To Chinese Investors Reportedly To Be Signed Next Week

The sale of a 70% stake in AC Milan "will be signed by next week, claim sources close to the negotiations on China Daily," according to FOOTBALL ITALIA. Club President Silvio Berlusconi's recent heart surgery "contributed to the postponement of the deal." The Chinese conglomerate is "still shrouded in secrecy and that has not helped lift confusion over the constant delays." The source said, "There are only some little details of the contract the parts have to finalize." The source suggests the sum paid to buy 80% of the club is between €700M ($779M) and €750M ($834M), "a figure that includes" Milan’s €200M ($222.5M) of debt (FOOTBALL ITALIA, 7/13).