AC Milan takeover could be finalised this week - Sky in Italy
Monday 10 April 2017 10:12, UK
The protracted £650m takeover of Serie A giants AC Milan could be completed this week, according to Sky in Italy.
Chinese investors Han Yi and Yongong Li are expected to arrive in Milan on Tuesday to begin negotiations to complete the deal, which was recently reported to be on the verge of collapse.
Their group, Sino Europe Sports, is set to make major investment in the club in the aim of returning the seven-time European Cup or Champions League winners to Europe's elite.
The club is owned by former Italian prime minister Silvio Berlusconi but has gone through a series of struggles in recent seasons, having not won Serie A since 2010-11.
They currently sit sixth in Serie A with a 4-0 win over Palermo on Sunday keeping them two points adrift of fifth-placed Atalanta.
Milan are 10 points adrift of Napoli, who occupy the final of Italy's three Champions League berths, but boss Vincenzo Montella hopes he will stay in a job once the takeover is finally completed.
"With the club changing ownership, I'll have to meet the new management to talk about the future projects and discuss everything," Montella said before the Palermo game.
"I am not aware of their projects, let's wait and see. Rumours are part of our job: I am really happy at AC Milan and I hope to manage this team also in the future, I really like it here."
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