Tuesday, December 13, 2016

Sino-Europe puts up another 100 million euros for AC Milan (The Associated Press)

The group of Chinese investors buying AC Milan has put up another 100 million euros ($107 million) for the purchase of the Serie A club. The completion of the deal had been scheduled for Tuesday, but last week Silvio Berlusconi's holding company and Sino-Europe Sports agreed to a three-month delay, postponing the closing until March 3. The agreement required Sino-Europe to provide another 100 million euros by Monday - in addition to 100 million euros already paid - and on Tuesday a statement by the Chinese consortium confirmed the sum had been deposited.

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