|
Milan sale to go through!, Chinese consortium to acquire for 700 MM Euros |
|
|
|
Apr 27 2016, 02:33 PM
|
Loves Greek Women esp Fay
Group: Moderators
Posts: 14,924
Joined: 19-May 06
From: Bangalore,India
Member No.: 1,865
|
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.
|
|
|
|
|
Apr 28 2016, 03:50 PM
|
Primavera
Group: Moderators
Posts: 18,833
Joined: 5-April 06
From: Croatia, Zagreb
Member No.: 1,564
|
Sooner, rather then later.
|
|
|
|
|
Apr 28 2016, 07:10 PM
|
Primavera
Group: Moderators
Posts: 18,833
Joined: 5-April 06
From: Croatia, Zagreb
Member No.: 1,564
|
Naah man, Serie A isn't attractive enough, or else various Fiorentina's and Lazio's would have become powerhouses.
|
|
|
|
|
Apr 29 2016, 04:10 PM
|
Prima Squadra
Group: Moderators
Posts: 39,645
Joined: 6-January 06
From: Malta
Member No.: 1,109
|
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.
|
|
|
|
|
Apr 29 2016, 11:29 PM
|
Primavera
Group: Moderators
Posts: 18,833
Joined: 5-April 06
From: Croatia, Zagreb
Member No.: 1,564
|
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.
|
|
|
|
|
Apr 30 2016, 08:56 AM
|
Loves Greek Women esp Fay
Group: Moderators
Posts: 14,924
Joined: 19-May 06
From: Bangalore,India
Member No.: 1,865
|
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.
|
|
|
|
|
May 1 2016, 05:16 PM
|
Primavera
Group: Moderators
Posts: 18,833
Joined: 5-April 06
From: Croatia, Zagreb
Member No.: 1,564
|
Great. Would be a good move, really.
|
|
|
|
2 User(s) are reading this topic (2 Guests and 0 Anonymous Users)
0 Members:
|
|