Menu

AC Milan takeover edging ever closer as deadline for Silvio Berlusconi decision looms

AC Milan President Silvio Berlusconi must reportedly give his decision on whether or not to give exclusivity in negotiations for a takeover to a Chinese consortium on Tuesday.

A group of Chinese investors is looking to buy a stake of around 70 per cent in the club, and have been pushing for exclusivity in recent weeks.

According to La Gazzetta dello Sport, progress continues to be made between the two parties as they carry out the various checks and due diligence before signing off on the deal.

It is suggested that an agreement could be reached at any point in the next 24 hours to a week, although Berlusconi would have the option to renege on the deal and keep ownership if he chooses.

Given the lack of progress in previous takeover talks with different parties, the latest updates are certainly promising for Milan supporters as it suggests that things are moving in the right direction with Berlusconi taking the offer seriously and making sure that the Rossoneri will be in good hands.

It comes in a season in which he has been heavily criticised by supporters, along with vice-president Adriano Galliani, over their running of the club in recent years.

Milan have fallen behind their Serie A rivals and risk being absent from European football again next season, as their lack of competitiveness both on and off the pitch has seen them fall short of their lofty expectations.

A takeover, and the subsequent investment, from the Chinese group is seen as a critical step in the right direction to get the club back to where it belongs.

Such an ambitious project would not only secure the Rossoneri financially, but it would also give them the impetus and power to become a player in the transfer market again as well as looking at a new stadium and improving their infrastructure and commercial appeal.

It remains to be seen if Berlusconi presses ahead with talks, but one thing that is certain is that answers will eventually have to be given in the coming days.

Follow @SP_Calcio on Twitter

More Stories Silvio Berlusconi