AC Milan takeover by Chinese consortium to complete within two months
AC Milan’s sale to a China-based consortium is expected to complete in two months, if not slightly sooner, according to a broker acting on behalf of both sides. The Sunday Times said broker Salvatore Galatioto declined to name the members of the “very ambitious” consortium but said they are extremely interested in the Italian football club.
The Italian newspaper Il Sole 24 Ore reported on 14 April that Galatioto Sports of New York, heading an unidentified Asian investment consortium, was in talks to acquire a controlling interest in AC Milan via a deal which gives the club a EUR 650m valuation.
The original report appeared in The Sunday Times, Sport section, page 6
Source Sunday Times