Officially it opens the deal between Milan and Chinese consortium represented American advisor Sal Galatioto. The statement Fininvest has opened the ball for the operation exclusively, at this time the other roped parties concerned can not deepen with Milan because the company is committed to only work with the Chinese-American consortium. The Board of Directors this morning in via Paleocapa established the path of negotiation. The final OK came unanimously and ratified by CEO Fininvest Pasquale Cannatelli, in the presence of Marina Berlusconi and with the consent of the whole family.
TIMES AND PERCENTAGES - The exclusive last about 30-40 days where the Chinese will have access to the documentation, budgets, contracts to study everything in detail and accurately. It is obviously for a majority that would be around 70%. At the end of the analysis period will come to a decision, Silvio Berlusconi has the final say. But during this month both parties could decide to pull out without paying penalties because the deal is not binding. It 'clear that before coming to this choice, the family holding company has obtained all the necessary guarantees, both at bank level and the composition of the Chinese consortium. Important first step but the last word for the sale of more clubs is up to Silvio Berlusconi.
No comments:
Post a Comment