Berlusconi agrees to 3-month delay for sale of AC Milan
MILAN — Silvio Berlusconi’s holding company and a group of Chinese investors have agreed on a three-month delay to complete the sale of AC Milan.
A joint statement from Fininvest and Sino-Europe Sports says the parties have agreed to complete the closing by March 3.
The deal requires Sino-Europe to provide another 100 million euros ($107 million) by Monday — in addition to 100 million euros already paid.
The delay was requested by Sino-Europe.