AC Milan sale on hold until June

Date: 8th April 2015 at 9:46am
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No deal regarding the sale of the AC Milan from the Berlusconi family is expected to take place until June at the earliest.

Silvio Berlusconi has been looking to secure investment from Asia, but any change in ownership in the club will not take place until after the regional elections on May 31.

Tuttosport report that while different packages have been mooted, including one that would see a package of initial shares going to a new buyer now before a majority stake in the Rossoneri would be signed over in two or three years, Berlusconi would be unwilling to announce a sale so close to an election.

Chinese businessman Richard Lee and Thai entrepreneur Bee Taechaubol remain front-runners to secure ownership of the club, but the Turin-based newspaper indicates that they will have to wait until the first round of voting in the elections, due to be held on May 31, before any progress can be made.

 

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