Sal Galatioto has arrived in Italy to try to resolve the complex negotiation to sell Milan to a group of Chinese investors. The American advisor needs to clarify a few key topics- including Silvio Berlusconi's role as well as the level of investment expected from the Chinese group. Galatioto landed at Malpensa airport this morning, he will meet with Fininvest's executive director Cannatelli to personally discuss the sale of 70% of Milan's shares.
There will likely be meetings through Thursday before Galatioto is expected to travel to London to give an update to the banks that are working with the Chinese group, the intention is to draft a contract for the sale. The main issues remain Berlusconi's potential role as well as if the Chinese consortium will invest enough to please Milan's current president, while it's a difficult negotiation Galatioto will leverage the fact that the fan base has written numerous emails asking for an ownership change. Milan's future could be decided in the next few days.
