Berlusconi finally sells AC Milan

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Berlusconi finally sells AC Milan

Post by breva on Tue Jun 28, 2016 8:24 pm



"Milan: Agreement sealed with the Chinese, Berlusconi sells 80%"

Milan: chiuso l'accordo con i cinesi, Berlusconi vende l'80%

http://www.repubblica.it/sport/calcio/serie-a/milan/2016/06/28/news/milan_chiuso_l_accordo_con_i_cinesi_berlusconi_vende_l_80_-142982988/
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Re: Berlusconi finally sells AC Milan

Post by sportsczy on Tue Jun 28, 2016 8:40 pm

With Berlu, don't count your chickens until they hatch... and once they hatch, make sure you actually got chickens Laughing

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Re: Berlusconi finally sells AC Milan

Post by Hapless_Hans on Tue Jun 28, 2016 8:41 pm

蜜蜂


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Re: Berlusconi finally sells AC Milan

Post by breva on Tue Jun 28, 2016 8:47 pm



Robin Li, actually.
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Re: Berlusconi finally sells AC Milan

Post by Robespierre on Tue Jul 05, 2016 1:05 pm

Released from hospital , he said to have sold Milan and new owners will have to invest 400 mln in two years for it.

He was in pitiful condition ,  looked like an amoeba, I' am convinced he divided his soul in 7 portions for 7 horcruxes .
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Re: Berlusconi finally sells AC Milan

Post by Kaladin on Tue Jul 05, 2016 1:09 pm

rofl rofl rofl

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Re: Berlusconi finally sells AC Milan

Post by rincon on Tue Jul 05, 2016 1:12 pm

Here is the comment in english

http://www.gazzettaworld.com/news/serie-a/milan/berlusconi-confirms-sale-chinese-investors/

Chinese derby in Milan it is. Lets see how far these owners can take Inter and Milan with FFP and the current competition.

Everything hangs on CL for 5 clubs with only 3 spots, its gonna be ruthless. Juve, Napoli, Roma, Inter and Milan will do everything for this.
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Re: Berlusconi finally sells AC Milan

Post by S on Fri Aug 05, 2016 12:02 pm

Chinese emissaries of the Chinese consortium is heading to Berlusconi's villa. Signings expected in the coming hours. [CorSera]

The Chinese emissaries are heading for Berlusconi's villa (Villa Certosa) in Sardinia. It appears the sale is a done deal. [CorSera]

It's the Chinese consortium led by Sal Galatioto and Gancikoff. The sale of 100% of Milan is a number close to €700M. [CorSera]
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Re: Berlusconi finally sells AC Milan

Post by Robespierre on Fri Aug 05, 2016 2:01 pm

There is no reason why Milan shouldn't finish in the top 3. they are the number 1 contendor for the NXT title top 3 spot. Coach with ideas , no cups to play , new property that will invest much money.
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Re: Berlusconi finally sells AC Milan

Post by Great Leader Sprucenuce on Fri Aug 05, 2016 2:03 pm

@Robespierre wrote:There is no reason why Milan shouldn't finish in the top 3. they are the number 1 contendor for the NXT title top 3 spot. Coach with ideas , no cups to play , new property that will invest much money.


rofl

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Re: Berlusconi finally sells AC Milan

Post by S on Fri Aug 05, 2016 2:06 pm

OFFICIAL: Fininvest have announced the preliminary agreement has been signed with the Chinese consortium.

https://pbs.twimg.com/media/CpGBOINXgAAQVrj.jpg
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Re: Berlusconi finally sells AC Milan

Post by Great Leader Sprucenuce on Fri Aug 05, 2016 2:09 pm

So are Milan still going to have a budget of 6m euros hmm

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Re: Berlusconi finally sells AC Milan

Post by Robespierre on Fri Aug 05, 2016 2:12 pm

Fininvest had recently a bad experience with the preliminary agreement , when Vivendi retired  from   purchase  of Mediaset after having signed a preliminar agreement, but of course it is another thing now
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Re: Berlusconi finally sells AC Milan

Post by sportsczy on Fri Aug 05, 2016 2:15 pm

What is a preliminary agreement really? Is it binding or is it just a nice letter? Until the ink is dry and monies have been exchanged, nothing's happened.

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Re: Berlusconi finally sells AC Milan

Post by rincon on Fri Aug 05, 2016 2:22 pm

If interpreted that letter correctly then signing this agreement includes the payment of 100 mill to Finninvest. 15 at the moment of signing and 85 within 35 days.

The closing of the sale will be performed within 2016.

In the agreement the group is obliged to inject 350 mill to A.c. Milan within 3 years.

Those are some of the highlights of that pic
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Re: Berlusconi finally sells AC Milan

Post by Robespierre on Fri Aug 05, 2016 2:39 pm

@sportsczy wrote:What is a preliminary agreement really?  Is it binding or is it just a nice letter?  Until the ink is dry and monies have been exchanged, nothing's happened.

It's a form of contract  concluded between two parts that undertakes to contract in future. If you want withdraw from this contract, you must pay a penalty decided from the beginning  exactly on preliminary agreement.
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Re: Berlusconi finally sells AC Milan

Post by Unique on Fri Aug 05, 2016 3:47 pm

reports saying they sold it for £500 and a pack of wine gums with the black and red ones missing. not a bad deal tbh nobody likes the yellow and green ones anyway.

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Re: Berlusconi finally sells AC Milan

Post by Great Leader Sprucenuce on Fri Aug 05, 2016 3:51 pm

@Unique wrote:reports saying they sold it for £500 and a pack of wine gums with the black and red ones missing. not a bad deal tbh nobody likes the yellow and green ones anyway.

Overpriced tbh, no football club is worth a packet of wine gums.

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Re: Berlusconi finally sells AC Milan

Post by Kaladin on Fri Aug 05, 2016 3:56 pm

Be some crack when you finish 9th for the 6th consecutive season

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Re: Berlusconi finally sells AC Milan

Post by juve_gigi on Fri Aug 05, 2016 6:40 pm

Berlusconi will encounter heart problems before that deal becomes official. He won't sell Milan until he is six feet under...

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Re: Berlusconi finally sells AC Milan

Post by juve_gigi on Fri Aug 05, 2016 6:49 pm

@rincon wrote:If interpreted that letter correctly then signing this agreement includes the payment of 100 mill to Finninvest. 15 at the moment of signing and 85 within 35 days.

The closing of the sale will be performed within 2016.

In the agreement the group is obliged to inject 350 mill to A.c. Milan within 3 years.

Those are some of the highlights of that pic


If my Italian is current it says by end of 2016 to close the deal. Also they value Milan at $740 million but with $220 million in debt, so $520 million net value for everything. Wasn't Berlusconi not going to sell for less than $1 billion?

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Re: Berlusconi finally sells AC Milan

Post by titosantill on Fri Aug 05, 2016 7:10 pm

maybe its time to move on....whatever happens, berlusconi did a hell of a lot for milan. him, agnelli and moratti were very instrumental to that league (even though moratti had his florentino perez kind of moments, or should i say flo had moratti type moments)
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Re: Berlusconi finally sells AC Milan

Post by titosantill on Fri Aug 05, 2016 7:11 pm

btw roma and inter have also been bought out right? or am i mistaken. haven't really followed the things going on with those moves
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Re: Berlusconi finally sells AC Milan

Post by Casciavit on Fri Aug 05, 2016 7:24 pm

DAT feel when you wake up to the news that your favorite team isn't dirt poor anymore. Proud

@Great Leader Sprucenuce wrote:So are Milan still going to have a budget of 6m euros hmm


21M as of now, Great Leader. 106M within the next 35 days. Proud


Last edited by Casciavit on Fri Aug 05, 2016 7:24 pm; edited 1 time in total

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Re: Berlusconi finally sells AC Milan

Post by juve_gigi on Fri Aug 05, 2016 7:24 pm

@titosantill wrote:btw roma and inter have also been bought out right? or am i mistaken. haven't really followed the things going on with those moves


Roma was bought out by a American Italian James Pallotta and his group in 2012. Inter has been bought twice, once by Erik Thohir in 2013, he bought a 70% majority stake while Moratti remained a 30% minority shareholder, and now this year Thohir has sold his 70% majority share to Suning, a Chinese company, and Thohir will remain a 30% minority shareholder buying out Moratti, with Moratti now completely out of the picture.

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