Monday, 16 March 2015
AcMilan are on sale: check a Dossier Fininvest
Milan are on sale. This was revealed by the newspaper Il Sole 24 Ore, which explains that Fininvest did write up a dossier from Lazard Bank suitable for the sale of minority shares and sent it to a dozen international investors, mainly from Asia and the United States.
This document is the basis for starting negotiations between the parties and is also finished on the desk of the famous Bee Taechaubol, who has already had the opportunity to meet Silvio Berlusconi in the presence of Pasquale Cannatelli, CEO of Fininvest. Following this summit Mister Bee this have the will to try Asian investors to help him reveal a minority stake in the club, asking for an option to purchase complete in a few years. It remains to be seen whether the businessman Thai, appearing with a surety of the manager of capital Edmond de Rothschild, will succeed in its intent.
A subject approached the Milan is also the Dalian Wanda Group, which already owns 20% of Atletico Madrid and has also recently acquired Infront. For the Chinese juggernaut is essential the possibility of building a stadium owned, but the design of the door is not convinced. Meanwhile, the billionaire Wang Jianlin has already announced that one billion ready to invest. We'll see how it will spend.
Running for over shares of Milan there is also a US group linked to the company that manages the Madison Square Garden in New York.
Governance and price remain core issues for debate. Fininvest is willing to give up to 40% of the club asking also involved in the construction of the stadium. But potential investors want an option to obtain a majority in the future. Contacts have already been initiated by Silvio Berlusconi in person, by Pasquale Cannatelli and manager Alessandro Franzosi.
As for the price, the Knight currency 1 billion euro Milan. But right now the club does not seem to be able to go beyond 500 million. But in the dossier sent to investors explains the growth potential of revenues, brand strength and international expansion.
In terms of turnover Milan is out of the top 10 European Union with 249.7 million euro. The budget is in the red for years and that of 2014 is expected to produce losses of approximately 50 million euro. Fininvest Highlights the manifest desire to build a stadium and the value of Milanello. Although the flagship remains the expansion of the brand abroad, which can improve with the right strategies that pass through the successes in the field.
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