value person: That would mean the investors are spending around EUR440 million for the stake, which would be the biggest acquisition powered by Chinese money for control of a world-class soccer team, according to Market Watch. The agreement, expected to be completed this month, also provides for the group to buy the remaining 20% and put in about EUR400 million of investments in the next two to three years, the person told The Wall Street Journal. One person said the group would buy 80% of the club, whose total value the person said is about EUR750 million including around EUR200 million in debt. Italian investor and sports-business consultant Nicolas Gancikoff has a leading role in the deal and is expected to become a top executive in the club once it is completed, according to people familiar with the talks. An expanded version of this report appears on WSJ.com. A.C. Milan, founded in 1899, has won 18 Italian Serie A league titles, and has the most UEFA Champions League trophies, seven, of any club except Real Madrid.
(news.financializer.com). As
reported in the news.
Tagged under value person, chinese money topics.