Milan takeover on July 7

By Football Italia staff

Milan are reportedly on track to announce the Chinese takeover on July 7 and then plough €100m into the transfer market.

According to La Gazzetta dello Sport, a preliminary agreement with the Chinese investors is planned for the day pre-season training begins on July 7.

President Silvio Berlusconi seems to have finally been convinced by the project and will sell the majority stake of the club.

The deadline for their exclusivity agreement had to be extended after Berlusconi underwent heart surgery.

The same paper claims that €100m are ready and waiting to be pumped into Milan’s transfer strategy for this summer.

However, they are still not clear on who will be the Coach, as Berlusconi continues to back Cristian Brocchi.

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