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> Milan sale to go through!, Chinese consortium to acquire for 700 MM Euros

 
Jack Sparrow
post Apr 27 2016, 02:33 PM
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Just some tidbits that popped up on Football-Italia.

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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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X-Offender
post Apr 27 2016, 06:41 PM
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Mediaset says Silvio hasn't agreed to sell the club or part of the shares, but rather has agreed to consider such a possibility and is examining who the Chinese-American group might propose as possible investors. They also say that Jack Ma is not part of the group.

This post has been edited by X-Offender: Apr 27 2016, 06:41 PM
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Rossoneri7
post Apr 28 2016, 10:02 AM
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Silvio is keen on selling the club, has been for a while. Problem is he is not receiving the valuation he deems acceptable. issue with that is Milan's valuation today is lower than it was two years ago and significantly lower two years prior and so on and so forth.

On the investor's side, football in Italy is not a profitable prospect. The investor could have other motives other than profit when initiating to buy Milan. And the valuation will be determine whether a deal can be made or not.

On the profitability front, Milan without CL can NOT maintain this squad, let alone bring in somebody new. So if somebody does not buy into the club its just a downward spiral with Silvio plugging the holes here and there (when permitted by FFP).
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Fillipo Simone
post Apr 28 2016, 03:50 PM
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Sooner, rather then later.
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X-Offender
post Apr 28 2016, 06:49 PM
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I don't buy it that for investors the Serie A is not profitable. Certainly Ligue 1 isn't any more profitable yet the sheikhs made PSG a powerhouse using their own ways through sponsorship deals and whatnot.

The problem is that Silvio doesn't want to sell a majority share. He still wants to own the club and be the president, using foreign investors only as a means of injecting cash. For some investors this might not be an ideal solution.

In the end, we're still slaves to Silvio's egotistic demands. Any wise businessman would have sold this club at the first chance and be done with it.
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Fillipo Simone
post Apr 28 2016, 07:10 PM
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Naah man, Serie A isn't attractive enough, or else various Fiorentina's and Lazio's would have become powerhouses.
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han2503
post Apr 29 2016, 04:10 PM
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QUOTE (Fillipo Simone @ Apr 28 2016, 07:10 PM) *
Naah man, Serie A isn't attractive enough, or else various Fiorentina's and Lazio's would have become powerhouses.

Still, the PSG argument still holds as Ligue 1 is a far less attractive league and PSG was still bought and turned into a major European player.

I can understand that argument when looking at a Man City for example because EPL clubs are lucrative.
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X-Offender
post Apr 29 2016, 06:24 PM
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QUOTE (han2503 @ Apr 29 2016, 04:10 PM) *
Still, the PSG argument still holds as Ligue 1 is a far less attractive league and PSG was still bought and turned into a major European player.

I can understand that argument when looking at a Man City for example because EPL clubs are lucrative.


Exactly.
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Fillipo Simone
post Apr 29 2016, 11:29 PM
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QUOTE (han2503 @ Apr 29 2016, 06:10 PM) *
Still, the PSG argument still holds as Ligue 1 is a far less attractive league and PSG was still bought and turned into a major European player.

I can understand that argument when looking at a Man City for example because EPL clubs are lucrative.

How does it hold?

With Ligue 1 you have: 1) Paris - which is both an attractive venue, especially for sheik's who deal with the Parisians there for centuries, whereas Italy never is such a pleasant place to be, 2) with PSG you have a sure thing in your pocket, because the league has no competitiveness at all.

With Serie A you get the "worst of all worlds", because you have many rivalries, stubborn owners, you still have the FIAT-Juventus factor, you have big taxes and no financial nexus like with the Primera, you have old infrastructure and 50% hostile environments. All in all, nothing near what offers Paris.
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Jack Sparrow
post Apr 30 2016, 08:56 AM
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Two factors I'd put in favour of Paris were:

No rival teams. It's a one club city practically.

The stadium

Both of these Milan can't provide. Also I think they snapped up PSG pretty cheap I think. And the relative uncompetitive nature of the league means PSG is guaranteed Champions League almost every year.

Not the same with clubs in other leagues that have two or three strong teams.
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d'Arc.LP
post May 1 2016, 04:12 PM
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CorSera: Silvio Berlusconi has decided to sell Milan to the Chinese consortium and wants the deal to be closed by the 30th May.

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X-Offender
post May 1 2016, 04:14 PM
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QUOTE (d'Arc.LP @ May 1 2016, 04:12 PM) *
CorSera: Silvio Berlusconi has decided to sell Milan to the Chinese consortium and wants the deal to be closed by the 30th May.


That decision came just after today's game? (IMG:style_emoticons/default/laugh.gif)
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d'Arc.LP
post May 1 2016, 04:23 PM
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QUOTE (X-Offender @ May 1 2016, 06:14 PM) *
That decision came just after today's game? (IMG:style_emoticons/default/laugh.gif)


It is todays news but I read it before the game. I was browsing the thread just now and thought to share it. Cheers
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X-Offender
post May 1 2016, 04:30 PM
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QUOTE (d'Arc.LP @ May 1 2016, 04:23 PM) *
It is todays news but I read it before the game. I was browsing the thread just now and thought to share it. Cheers


I was just kidding. (IMG:style_emoticons/default/wink.gif)
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Fillipo Simone
post May 1 2016, 05:16 PM
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Great. Would be a good move, really.
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