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Milan sale to go through!, Chinese consortium to acquire for 700 MM Euros |
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Apr 27 2016, 02:33 PM
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Just some tidbits that popped up on Football-Italia. QUOTE Reports say Silvio Berlusconi has agreed to sell Milan to a Chinese group of investors for €700m.
Tuttosport writes today that Berlusconi has accepted the offer to sell the Rossoneri after a long and intense series of negotiations.
The talks were concluded at a law firm in Rome according to the newspaper, who believe that a preliminary agreement will be signed between Friday and Monday.
There were reports this morning that Jack Ma is leading the Chinese group, but the official identity of the investors is still unknown.
Tuttosport believes that Robin Li, the sixth most powerful man in China according to Forbes, is also a possible investor.
The group will take over 100 per cent of the club’s shares, an initial 70 per cent and then the further 30 per cent over the course of a year.
The Chinese bidders put between €700-720m on the table to buy the San Siro giants, says the report.
The phase of due diligence, where the club’s accounts are analysed, was completed last week according to the paper. QUOTE Jack Ma, China’s richest man, is reportedly leading the group interested in Milan and he wants to build a new stadium.
La Repubblica reports today that Ma, founder of the Alibaba group and co-owner of Chinese club Guangzhou Evergrande, is heading the group that are in talks to take over the Rossoneri.
The investors from Peking should get a reply from President Silvio Berlusconi before the end of the week about whether they can enter exclusive negotiations.
If they get the go-ahead, the analysis of Milan’s accounts will begin which could be concluded quite quickly.
Therefore the outlet writes that if everything goes smoothly, a deal could be signed off by mid-June.
One of Ma’s first projects would be to build a new stadium owned by the club, says the report.
Another change that could take place would be the insertion of former Guangzhou Coach Marcello Lippi as technical director, according to the newspaper.
Ma’s Alibaba group includes Taobao (the Chinese Ebay), Aliplay (an electronic payment system), Weibo (the Chinese Twitter) and Alibaba pictures ($3m of investment in the film industry.)
According to Forbes magazine he has an estimated net worth of $24.1 billion and is the 18th richest person in the world. QUOTE Milan’s holding company Fininvest has reportedly denied that Silvio Berlusconi has sold the club for €700m.
Reports emerged today that the Rossoneri owner had agreed to sell the club to a group of Chinese investors, possibly led by billionaire Jack Ma.
However, Milan News has reported that they have received a communication from Fininvest denying the rumours that a sale had taken place.
Pier Silvio Berlusconi, son of the Diavolo chief, has also denied any knowledge of a sale taking place today. More than the takeover going through, I'm interested to see who they bring in as staff. I would be really interested to see how this works out.
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May 1 2016, 06:38 PM
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Let's see, we've been duped before, first with Bee and now all these conflicting reports about the Chinese. Hope that if Silvio does sell up this will FINALLY be the end of Galliani being the decision maker, and that the club will go into good hands and we don't go from the frying pan and into the fire which is what I think Bee would have been but Silvio was choosing him because he accepted to take just the minority stake while allowing B & G to still run this circus act
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May 1 2016, 08:28 PM
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QUOTE (d'Arc.LP @ May 1 2016, 07:04 PM) I dont know which one I want more, Berlusconi selling or Galliani leaving. I really think that the new owner should make fundamenal changes in the club personel. And whoever comes, I hope he has a very good coach with him to bring in San Siro, we cant keep appointing people like Inzaghi, Brochi and so one as coaches. I wouldn't imagine that any major share holders would stand for Galliani keeping his place, they'd want to bring in their own people. So the most important thing that can happen to Milan atm is Silvio selling, because as long as he's there Galliani will also be there. His own daughter tried with all her might to push Galliani out and was unsuccessful, if she couldn't do it then the only way for it to happen is if Silvio is no longer a part of the picture either. As for coaches, Pellgerini is being mentioned a lot, don't know how to feel about it, I think he's a good coach, but no one that really gets me excited or anything
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May 1 2016, 09:18 PM
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Primavera
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Who get's you excited Han?
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May 2 2016, 07:46 PM
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QUOTE (Fillipo Simone @ May 1 2016, 09:18 PM) Who get's you excited Han? So Pellegrini is a name that gets YOU excited? Like I said, he's a good coach but he's more of a practical option rather than an adventurous one. Obviously I'd be happy with him as he's a major upgrade over the last 5 coaches we've had
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May 2 2016, 07:53 PM
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Well, he has CL experience, he's a solid tactician and a good man-manager. I think he'd do good.
But you dodged the question. Who get's you excited and is free/eager to move to Milan?
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May 2 2016, 08:02 PM
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QUOTE (Fillipo Simone @ May 2 2016, 07:53 PM) Well, he has CL experience, he's a solid tactician and a good man-manager. I think he'd do good.
But you dodged the question. Who get's you excited and is free/eager to move to Milan? I honestly don't know, there are obviously going to be a lot of coaches shifting clubs but they all seem to have set destinations in mind. Like I said, I think Pellegrini is good, and he's practical, because I think he'll bring that shift in the team but he's not really a Carlo, Mourinho, Guardiola level manager either imo 1 guy I've always wanted to see at Milan is Hiddink though, don't know what he'll be doing after his time at Chelsea is up
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May 2 2016, 08:08 PM
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Man, I really don't see what you see in Hiddink. For me he's always been a perfect small team manager who achieves. And also, his time clearly passed.
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May 2 2016, 10:07 PM
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QUOTE (Fillipo Simone @ May 2 2016, 08:08 PM) Man, I really don't see what you see in Hiddink. For me he's always been a perfect small team manager who achieves. And also, his time clearly passed. Well I've personally always rated him And if things fall through with the Chinese he'd be the perfect coach for us since we've basically turned into a mid-table team nowadays. If the top players aren't coming then we need someone who can get the best from what we have and Hiddink imo is one of the best at doing just that
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May 2 2016, 10:14 PM
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I really don't know Han. It's one of your fixations. Hiddink is 70 years old, never coached in Serie A, never been linked with Milan, hasn't been particularly good as a coach for years now. Really don't see what would be so good about him.
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May 3 2016, 08:06 AM
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Which coach, depends on what strategy the (new?) management follows?
Do we like Dortmund, hire a young exciting coach like Klopp and then support him patiently so he builds a project? Or do we do like other moneyed clubs and quickly build a team to challenge.
All of that will determine what direction to take.
For me, I'm all in favour of Pellegrini. He will bring in a stability and a maturity that we desperately need after all these years of failed experiments. He has a good eye for players. Is a decent tactician and has managed clubs that are not stacked with superstars and still got performances from them. Language is the only barrier here though.
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