With preliminary payments having been finalised, the transfer of AC Milan to a Chinese consortium is expected to take place in November.
A total of €100 million has been processed so far as Sino-Europe Sports look to complete their purchase of the historic Italian side for €740m, after Silvio Berlusconi agreed to sell 99.93 per cent of it earlier this summer.
Fans have been waiting for an exact date for when the hand-over of the club will take place, and Il Giornale confirmed that this would be November 15.
It will bring to an end Berlusconi’s 30-year long reign at the Rossoneri, while vice-president Adriano Galliani still has an uncertain future.