Reports: AC Milan sale to Chinese group postponed to March

AC Milan’s controlling company Fininvest and Sino-Europe Sports have agreed on moving the sale of the Serie A club to the China investors from December to March, Italian media reported Wednesday.

In a joint statement the two groups set March 3 as the new deadline to close negotiations that have lasted for about two years. Sino-Europe are to pay Milan an advance sum of 100 million euros (107 million dollars) by December 12, which adds to an equal payment made in August.

The total worth of the Rossoneri club is said to have been set at about 750 million euros. GNA

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