According to Il Sole 24 Ore, Chinese owners from Sino-Europe will be transferring the last €85m of €100m “kitty” to Fininvest and AC Milan.
In early August, Silvio Berlusconi agreed to sell the club to the Chinese consortium after 30 years of being the owner of the Rossoneri. The deal is worth over €700m, as the next step of the final sale is imminent.
Sino-Europe already transferred €15m to the Fininvest immediately after the sale in August, so the promised €100 million to start will be complete soon.
Obviously all the capital brought in won’t be spent on the transfer market in January, but the Chinese have been reported to want to spend more in the Winter mercato and bring in quality players to the squad. The official new owners won’t be fully in charge until all the money is transferred, but with this start off “kitty” of 100 million, this is surely a good start.
The rest of the 85 million will be transferred to the Rossoneri by September 9th.