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AC Milan sale moves closer as new owner arrives in Italy
The delayed sale of AC Milan moved a step closer to completion after the leader of the group buying the club arrived in the Italian city.
Yonghong Li flew in on Wednesday to complete the purchase of Milan by Rossoneri Sport Investment Luxembourg.
The transfer of the final 190 million in addition to the 250m euros deposit already paid and the 180m euros loaned by American fund Elliott Management is expected to arrive during the day, and the sale to be completed on Thursday.
The sale has been postponed twice in December and March.
Former Italian Prime Minister Silvio Berlusconi has owned Milan for 31 years. The new owners' first match will be Saturday's derby against Inter Milan.
Silvio tried, owing the club for 31 years is not easy. I wish the new owners all the best.
It's a nice thing for Ac Millian. They didn't disappoint the new owners with their match against Inter.