Milan, preliminary agreement for sale signed with Chinese group led by Han Li

We are moving closer to the end of an era at Milan. After 30 years of Silvio's Berlusconi's presidency, the Rossoneri are set to have Chinese owners. Fininvest announced the signing of preliminary agreement with a group led by Han Li, the closing is expected by the end of the year. Milan's valuation in the agreement is €740 million including the estimated debt of €220 million, as part of the agreement the new investors commit to investing €350 million over three year- at the time of the closing they will pay €100 million.