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It took them months and months of negotiations, there were moments that it looked as if the deal was about to collapse, but as of yesterday, AC Milan have officially a new owner, from a land far away from Italy.
Rossoneri Sport Investment Lux are now the owners of the 99.9% of the club’s stakes, with the previous owner, Fininvest, announcing the conclusion of the deal itself.
Fininvest has completed the sale of the entire stake owned in AC Milan – equal to 99.93 per cent – to Rossoneri Sport Investment Lux. The closing is the last step of the purchase agreement signed on August 5, 2016 and renewed on March 24 by Fininvest CEO Danilo Pellegrino and David Han Li, as a representative of Rossoneri Sport Investment Lux
a Fininvest statement mentioned, before giving specific details about the money involved.
The terms of the agreement are the same as disclosed in August and reflect an aggregate evaluation of AC Milan equal to €740m, which includes the club’s indebtedness, equal to €220m as of June 30, 2016
As for the future, Fininvest, practically Silvio Berlusconi, the man behind the company name, looks positive that the new Chinese owners will go ahead with their plan to make AC Milan… AC Milan again, a club competing for titles.
The buyers also confirmed their commitment to undertake significant capital increases and liquidity injections aimed at strengthening AC Milan’s financial structure
the statement concluded. New AC Milan owner Yonghong Li made a brief statement as well, saying
AC Milan is a world-renowned football club with the most glorious history. We’ve completed a key step on the road to revival, and for the future we promise that step-by-step we’ll lead this legendary team back to the summit of world football.