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Thursday 5 May 2016

Milan to the Chinese: before say yes, Berlusconi wants guarantees

The newspaper "La Gazzetta dello Sport" asked about the fact that Silvio Berlusconi give or not ok to exclusive negotiations with the Chinese consortium of so much talked about in recent weeks. Yesterday did not happen anything significant, at least in appearance.

Arcore are not parties the necessary signals to Fininvest moving of official steps towards the representatives of the consortium of Asian investors, willing to offer right away 500 million euro for the purchase of 70% of Milan.

The holding company of the Berlusconi family, in constant contact with the advisor Sal Galatioto, has taken a cautious line and the Chief Pasquale Cannatelli administrator has decided to close the file on the bank guarantees before submitting all documentation to the president Rossoneri. That is why yesterday there would be a bit 'of a slowdown in the negotiations. There were some small mistakes in the intersection of data between the parties. The credit standing of the Chinese consortium is not in question, however, is common practice in such delicate negotiations that sellers should receive certain certifications.

Just ended here, it will be given the go ahead to the exclusive negotiation. It will last a month and does not provide for any penalty. Therefore Silvio Berlusconi will have the time needed to analyze the situation without having to pay anything if you decide not to sell AC Milan. The BBC writes that the patron has many doubts, especially because to abandon the club in a negative moment and therefore not to be winning. It 'also true, however, that the Chinese can ensure those investments that Fininvest does not intend to do to revive the team. 

Fans hoping for the arrival of yes, is the exclusive negotiations that then the final one for the sale in June. They are impatient and angry: they are right.

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