Chinese investors given – extra time’ in AC Milan takeover

Sino-Europe Sports missed Friday’s deadline to complete the switch having already paid US$212 million on the deal that values the Serie A side at US$825.4m AC Milan owner and president Silvio Berlusconi has backed giving the Chinese Sino-Europe Sports consortium “extra time” to complete the purchase of the Serie A side following the latest delay in the takeover. “They asked for some extra time and I don’t see what there is to worry about,” Berlusconi told Il Tempo newspaper.