AC Milan sale, identities of Chinese investors revealed

According to financial newspaper Il Sole 24 Ore, Chine Fortune Land Development is the name of the Chinese consortium willing to acquire a majority share in AC Milan.



The group is specialized in acquiring industrial areas for urban development and are already involved in the world of football having the control of Chinese Super League side Hebei Fortune.



Chine Fortune Land Development has reportedly made an offer to acquire the 70% share in the club.

The Chinese consortium is rumoured to have already considered a long term, five-year plan with investments in the region of € 100 million each season.



Nicholas Gancikoff is in pole position to become the club’s new CEO and according to reports of Il Corriere della Sera, he has ‘booked’ Unai Emeri for next season even if Cristian Brocchi still hopes to be confirmed on AC Milan’s bench, with Giampaolo, Garcia and Pellegrini who are also in race to become the first AC Milan boss under a foreign ownership.



Lorenzo Bettoni @lorebetto

