Milan, the closing is delayed further: deadline extended to February 2...
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Date: 05/12/2016 -

Milan, the closing is delayed further: deadline extended to February 28th, the latest

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No authorizations are going to arrive in time for the 13th of December, a date long set to be when the deal would close. This is a new postponement for the closing of the deal. According to Peppe Di Stefano, the deadline is in the process of being extended to the 28th of February. This new deadline will be made official in the coming hours. Furthermore, by Tuesday of next week an additional 100 million euros will be paid as a deposit.

The December 13th meeting will occur with the board of directors remaining intact. However, the board of directors will not include both the Chinese investors and Fininvest. Therefore, new information regarding the deal may be delayed until the closing. At this time at least, every element within the club is set to remain as it currently is.

Tags: Milan



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