Italy’s former prime minister Silvio Berlusconi has left hospital three weeks after undergoing heart surgery.
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Fininvest, the Berlusconi family holding company which owns AC Milan, entered exclusive talks with the consortium in May.
Milan, who reported a loss of €93.5m a year ago, appointed Vincenzo Montella as their new coach last week.
The consortium is looking to buy 80% of the club immediately before eventually taking over the remainder. “They are an important group, with an involvement of the [Chinese] state”.
A source close to the matter added that a preliminary deal with the Chinese should be sealed at the start of next week or by July 15 at the latest.
Berlusconi was initially admitted to the hospital on June 5 suffering from what his personal doctor had said was a potentially fatal heart-valve problem. “I’ve had to deal with other worries”, Berlusconi was reported as saying by AFP, referring to his legal and health troubles.
“I’ve been here for 30 years, but in the last four years”. They will invest £220 million on the transfer market, giving Milan the possibility to become a protagonist in Italy, in Europe, and in the whole world.
Mr Berlusconi, 78, bought AC Milan in 1986, when the club was on the verge of bankruptcy and he invested significantly in the squad.
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In June past year it was announced Thai businessman Bee Taechaubol would purchase a 48 percent stake in Milan, although the deal came to nothing after he reportedly failed in his bid to collect the necessary funds.
