Significant News on the sale are expected in Milan tomorrow, the agenda of the shareholders Milan, and the weekend. This, meanwhile, the account of the rumors circulated in the day:
19:35 UPDATE: Not only Jack Ma and Li Ka Shing. Rumors confirmed by the authoritative economic portal Bloomberg and then in recent days by the Chinese giants Phoenix TV and sohu.com want Robin Li interested in via Aldo Rossi clubs. This is the sixth most powerful man in China (source Forbes ), owner of the search engine Baidu and chairman of Hanergy photovoltaic giant, assets of nearly 14 billion dollars.
19:10 UPDATE: How writes Tuttomercatoweb , is the richest man Li Ka-shing of Hong Kong and It has equity of more than $ 100 billion and staff of more than 30. Britain has appointed Sir and now, on the threshold of 88 years, is always a visionary. It ‘s time among the ten richest men in the world, but from the bottom of the Chinese social ladder. At 15 he is a worker in a plastics factory, but to the sound of shifts of 16 hours, is able to have from her a good nest egg to start your own business. Years pass and Ka-Shing then acquires the Hutchinson Whampoa and Hongkong Electric Holdings Limited, in the late ’70s and mid-80s. His fortune makes her there, in that sliver of the West that allows him to become among the richest men in the world. In a large special last year, Republic the way he described. “Check real estate, trade, distribution, transport and telecommunications, with global investments that affect the markets from Asia, Europe and America. He has not forgotten its origins and its history, a symbol of China’s resurgence. It leads a simple and frugal personal life: her meals limited to a bowl of rice and a vegetable, together with its clock from 50 dollars and the clothes from department stores, have become a legend. With age, however, has succumbed to the outward luxury the superfluous, allowing himself the standard of living of an emperor: every day playing a round of golf with the movie mogul Raymond Chow, she lives in the most majestic villa under the Victoria Peak and has a sumptuous palace in Shou Ji Tianfu, browse through oceans on the maxi-yacht “Sunseeker” and moves by helicopter, or on board of the personal jet “Gulfstream 550,” considered one of the most beautiful in the world “. His HWL, with Milan, could decide for the first time to invest in football.
18:45 UPDATE: Silvio Berlusconi will not give Milan to Alibaba. According to what writes the ‘ AGI, sources close to Alibaba which exclude negotiations between the Chinese e-commerce giant and the club AC Milan and a real interest from the first, in spite of rumors in circulation. Sources have gained the impression “that the Knight is not yet ready to give up his toy to a Chinese financial group”. More feasible, as emerged in recent days, the Suning negotiations with Inter Milan that Alibaba-hypothesis. Even by the owner of Alibaba, Jack Ma, you would always recorded coldness about the opportunity to detect the Italian team: “Jack Ma said to me: I have already funded a club in China, it would give me more AC Milan?” , continuing sources. The club referred to is the Guangzhou Evergrande, the Canton team since early last year coached by Marcello Lippi
UPDATE 18:40: As reported by Premium , the patron of Milan Silvio Berlusconi is waiting for documents that is preparing Fininvest on the Chinese consortium interested in acquiring the shares of via Aldo Rossi club. Within two weeks there will be clarity and then enter into the merits of the details and decisions.
UPDATE 18:35: The Chinese breakthrough confirms that the agreement with Mr. Bee will not follow. A year after its “appearance” there is no trace of the 480 million promised. The online site of La Gazzetta dello Sport takes stock of the negotiations with the Thai. There are some extracts: “The first entry was” with a bang “hypothesis to detect the entire share capital, to the tune” monstre “(considered by analysts and” off-market “) of 1 billion and 200 million the euro . Two months later, on June 6, it comes the agreement: Berlusconi held a majority, Mr Bee (now everyone calls him that) should be 48 percent of the shares, to 480 million. For the current property looks like the perfect crime: arrive fresh money, lots, and remains the majority and therefore the decision-making power. A month later there is the final signature, the closing, which gives some time to Thailand to “find” the money. Berlusconi says that investors found by Mr Bee were mired in crisis in Asian financial markets. will appear cyclically new “probable”, but over the months seem more and more of “bluffing” to not admit that you need a “plan B”, more than Mr. Bee. It all comes down to the last days, with the accelerated on Chinese cartels. Taechaubol, which in earlier times had been very active on social and behaved almost as co-chair, has gradually eclipsed, almost to lose track of him, at least by us. It reappeared in the news a week ago when he suggested a raise, a counteroffer. A year later, however, his credibility is at its lowest, despite the officially ultimatum expires at the end of May. Thailand comes out, space to China. It will be the right time? “.
UPDATE 18:15: These are delicate days for the sale of Milan and it is understandable caution of all parties involved. The office for relations for Europe of the Alibaba Group in the morning was entrenched behind a “no comment”. Waiting for answers from Asia and also from the other group potentially interested in Milan, HWL, the drafting of Tuttomercatoweb records a “no comment” about it even by US advisor involved in the negotiations, Salvatore Galatioto. Tomorrow the board of directors may give a first hint of how to continue the sale of Milan path.
UPDATE 17:10: Milan the Chinese. Writes the online site of the Corriere dello Sport , the deal is in the pipeline and the sale of the Rossoneri is really one step. Berlusconi, after a long tug of war and moments of great inner conflict, has withdrawn its reservations and said yes to the sale of the stock : sale which will be controlled American advisor Sal Galatioto and its GSP on behalf of a powerful Chinese economic consortium. concrete names of possible buyers, at the moment there are not . What is certain is that 70% of the Rossoneri shares will be sold immediately and 30% in the space of a year. The preliminary signing – according to the Corriere dello Sport – will come next weekend when exchanges are closed.
UPDATE 16:55: Tomorrow there will be the meeting of shareholders of AC Milan and will talk about the future of the club. “I do not know if it will be a battle, but the small shareholders will demand a lot ‘of things – explains the lawyer Giuseppe La Scala, vice president of the Association of Small Shareholders of the Milan TMW Radio – after twenty years to very large levels, the property did not notice that time is changed, regardless of economic resources which are not few, come off this year 90 million euro after a disastrous campaign purchases. Milan are a company loses revenues for the past three years by recording a liability equal to half of the turnover, but no mention of the project change. small shareholders we follow with interest the fact of a series of sales negotiation, that of Mr. Bee does not we never considered serious, both for the values, both for the governance formula. Now we hope that the prospect is more serious and more reasonable values. we hope that Berlusconi and Fininvest group verify the serious buyers and pass your hand, because they have had their day and are collecting a sports failure after another . The passive arrived in inconceivable numbers, technically Milan are a bankrupt company that holds blow due to the majority shareholder. We must reverse the trend, serving a total overhaul of management and sports management. ”
16:10 UPDATE:
UPDATE 15:50: According to the official website of the Corriere dello Sport, phase two diligence I am gone through for the preliminary agreement signing . From next week, then, it will open a second phase, with new controls on the Rossoneri accounts. The final signature will arrive by the end of June.
15:45 UPDATE: La Gazzetta dello Sport describes in detail the two Chinese industrial groups combined in the day to Milan. Let’s start with Alibaba , probably the best known to the general public because the new company, modern, growing vertically. Founded in 1999 by Jack Ma in Hangzhou as a site specializing in connecting Chinese manufacturers with overseas buyers over the years has specialized in e-commerce. In 2012 he signed an overtaking, as sales volume, on Ebay and Amazon combined. Today it boasts revenues of $ 4.36 billion, sales of 11.48 billion. For Forbes is the company number 269 in the world. Hutchison Whampoa, however, born in 1977, is a merger of two companies, based in Hong Kong, founded in the nineteenth century: Whampoa Dock (1863) and Hutchison International (1877) . Today its fields of action ranging from ports and sea trade to hotels, from energy to infrastructure, the financial sector to the real, from energy to telecommunications. In Italy it possesses the “3″ and in recent months has been working to merge with Wind. Some figures, again from Forbes : company number 118 in the world, 35.1 billion dollars in revenue, 8.66 in revenue, 280,000 employees.
UPDATE 15:25: link from Speaking at Milanello, the envoy of Sky Marco Nosotti spoke well of corporate affairs of Milan home: “at this time, AC Milan must try to safeguard the sixth place, despite the many rumors about the sale of the club. The next few days could be decisive for the future of Milan. This morning have been many rumors, Fininvest is very cautious and is completing the picture of the situation to then show it to President Berlusconi. There are several names that have come out, including Jack Ma of Alibaba, but he preferred not to comment on these rumors today. Fininvest also does not comment, but still possible that there has already been a definite yes Berlusconi. By conservative talk about 7-10 days to enter the final phase of the negotiations, others speak of a few days at least. of course it all depends on what you decide to do the president Berlusconi. “
UPDATE 15:20: writes milanofinanza.it, the starting base , well below that of never took off negotiations with Bee Taechaubol (valorized 100% of AC Milan 1 billion), it is represented by 500 million to 550 million of the equity value of the Rossoneri, which closed 2015 with revenues of 221 million and a loss of 89 million. To this figure must be added 240 million of debt (188 million only to banks and factoring companies), for an overall assessment of 740 million to 790 million. But, according to market sources familiar with the negotiations, the consortium of Chinese entrepreneurs have already made a commitment to invest on a multiannual basis the figure of 300-400 million. Then, total spending potential to detect the control of Milan will reach 1.2 billion. The unknown factor remains the one linked to the timeframe for possible closing and the will of the patron Berlusconi.
14:55 UPDATE: Mark Bellinazzo, giornlista de Il Sole 24 Ore , speaking on Radio 24 has made the point on the possible sale of the company shares Rossoneri: “I understand that there was some absolutely normal complications in this type of negotiations, on the percentage on the price to acquire all the shares and also on the role of Barbara Berlusconi. But they are issues that would be solved if Berlusconi decides to give in. Fininvest I no longer have doubts, especially after the sale of Mediaset Premium, no longer considers the strategic football. Berlusconi must decide to go out in the way most pleasing to him. the names ? from Fininvest tell us there is great confidence about the identity of the subjects, we want to avoid the traps of media negotiations, the buyers will be known only when there is a green light to the agreement. Now you sull’identikit plays, there was talk of Jack Ma, Alibaba, which is helping the Chinese gioverno to revolutionize the world of football. No wonder that these names are matched to AC Milan. If we want to stop and reliable data, the offer is for the majority, of about 600 million, Fininvest and Berlusconi wants to sell must decide. The Chinese would like to close by the end of the season, the moment is delicate but the turning point is still to come. Whampoa? Another group, is handling the merger between 3 and Wind, it is another industrial group of the most important globally, where we fall we fall well. Are groups with great liquidity, but even here there is no confirmation. Right now we do not know with certainty who was behind the offer, sooner or later someone will peck the right name, when there is no record from sources close to the negotiations “.
UPDATE 14:20: With a communication received in MilanNews.it , Fininvest holding to refute rumors bounced this in the morning – on two national newspapers sites – about one occurred sale of Milan, by Silvio Berlusconi, the Chinese consortium for 700 million euro. That the situation is in turmoil, though, is also true given the numerous rumors surfaced. it remains to understand who the stakeholders to ‘purchase of Milan and represented Italian-American advisor, Sal Galatioto, who is pursuing contacts with Fininvest mandated by a Chinese consortium.
UPDATE 14.15: Charles Party , a journalist of Il Sole 24 Ore , through his own blog on the site of the famous Italian business daily, said the latest rumors about the sale of Milan: “Alibaba will buy AC Milan. And ‘This is the last rumors circulating since this morning. The Jack’s interest but for the Rossoneri was anticipated just by Sole 24 Ore a few months ago, when there was still Mr. Bee Taechaubol the dossier. Well, as is evident in this column (and I say unfortunately for Milan fans) actually Alibaba and Jack Ma would not neighbors to buy AC Milan. Yes would show an interest (started as a commercial sponsorship) but the way to go is still long. In addition, it is appropriate to be reminded here, Jack Ma and Alibaba would have nothing to do with the Chinese consortium that right now is dealing Milan, for instance the one led by the advisor Sal Galatioto. If you ever Alibaba will buy AC Milan, certainly you will not need a rope. In short, it will do it alone. To go back to the rope Galatioto, this option seems far from successful. Because? Silvio Berlusconi has not yet given the green light to due diligence, critical step for the club’s sale. The feeling is that the AC Milan kingdom is so much confusion reigning , really say too much. “
UPDATE 13:55: Silvio Berlusconi , writes Sportmediaset , will receive in the coming days for the latest documents on the Chinese-American group and will decide whether to grant exclusivity to new potential buyers, the first step in the eventual sale. There is a lot of caution with regard to dates and names that make up the consortium but, as transpires from the Fininvest does not appear among the members of the group the name Jack Ma. It ‘rather certain that the President Rossoneri, who yesterday in the traditional dinner earlier this week spoke with his group of managers also the matter Milan, is now close to look into the matter.
UPDATE 13:50: do not comment on the rumors . This office response public relations for Europe of the Alibaba Group , whose founder Jack Ma would be part of the consortium of Chinese investors aiming to acquire the majority of AC Milan, according to the reconstruction of Republic .com. Fininvest does not comment on rumors of alleged participants in the consortium interested in investing in the club in the first place for the pact of confidence with the parties who have expressed an interest.
UPDATE 13:20: the agency Adnkronos reports that “during the negotiations now under way for months it is not But the name of Jack. “ in the last hours, the Chinese name of the entrepreneur founder of Alibaba has been linked with insistence to the interested consortium to invest in the club owner Silvio Berlusconi. “Everything is still under discussion and has not yet decided anything” , stress about an imminent sale of the Rossoneri.
UPDATE 13:00: According to reports from La Gazzetta dello Sport on its official website, after Jack Ma, check new name on the head of the Chinese consortium you want to buy Milan: it is Li Ka Shing, the owner of Hutchison Whampoa , a leading telecommunications group in the world who, by the way, is managing the unification between the telephone companies 3 and Wind. It is a giant Chinese economy ready to invest in a club that just tomorrow is presented to the shareholders with a red 90 million.
UPDATE 12:50: “I do not know anything, I can not say anything . I just hope that Milan will shortly finalize a way that brings the team into a project that looks to the future. “So the chief executive of Mediaset, Pier Silvio Berlusconi , responding to journalists on the assumption that is in the pipeline negotiations for the sale of Milan. the son of the owner Rossoneri spoke on the sidelines of Mediaset shareholders.
UPDATE 12.40: writes Tuttosport on its official website, Milan were sold. the agreement between Berlusconi and the Chinese consortium was found on the basis of 700 million euro. at the Asians will be 70% of the shares of the club via Aldo Rossi and the remaining 30% within a year. the offer came advisor Italian-American Sal Galatioto, with its GSP (Galatioto Sports Partners ). representing a consortium of Chinese entrepreneurs engaged in e-commerce and in renewable energy. According to the Turin daily, the phase of due diligence (analysis of the accounts of the two parties) ended last week.
The rumor reported in the morning from The Republic .
They run over the past few days, rumors about the possible sale of Milan . Behind the Chinese consortium, prime suspect for the purchase of the Rossoneri, there’s Jack Ma. The announcement was made this morning to the newspaper The Republic , which exposed the man’s identity reference of the group interested in acquiring in a short period 70% of the shares of via Aldo Rossi club.
Who is Jack Ma? 52 years, the king of e-commerce, China’s second richest man with assets of over 23 billion US dollars and co Guangzhou Evergrande Taobao , the most important clubs in the Chinese Super League now coached by Marcello Lippi. According to The Republic , the right of former national coach will enter operation as technical sports guarantor: he is ready for the role of Milan’s technical director. Founder in 1999 of Alibaba, the company that in few years has allowed him to rise through the ranks of the richest men in the the world thanks to the intuition of internet commerce in a market with 632 million users, Jack Ma has realized early on the tremendous potential of football in the region. “Football makes the happiness of the people” , is the slogan which is given on the former English teacher, businessman at the head of a real money machine: the company Alibaba group includes in fact, Taobao (the Chinese ebay), Aliplay (electronic payment system), Weibo (China’s Twitter) and Alibaba pictures (3 million dollars of investment in the film industry). After investing in 2014 well $ 192 million in Guangzhou , has decided to focus on Europe and specifically on the Milan, the club secure grip on Asian fans.
L ‘ outcome of the deal remains subject to the approval of the owner of the owner of AC Milan, Silvio Berlusconi , you will need to speak about it in the coming days: the transaction still requires the passage of 70% of the units immediately to Chinese and the remaining 30% within a year. The materialisation of the transaction would mark the fact the end of the Berlusconi era . But even if the overall assessment of the Rossoneri, according to financial sources, is calculated as exactly half of that assumed in the transaction never completed with the Thai broker Bee Taechaubol (one billion euro, compared with about 500 million of the consortium of buyers today ahead of any competitor), Fininvest, the holding company of the Berlusconi family, is considering at this time the exact composition of the consortium and the goodness of the proposal.
the upcoming meeting of the shareholders Milan , scheduled for tomorrow afternoon with the next board of directors, could lead to light Berlusconi’s intentions on the offer from China. If the Rossoneri boss will say yes by Sunday or at most 15 days exclusive negotiation, the due diligence , could be concluded quickly. And with the signing, straddling the middle of June, AC Milan would have a new corporate structure for the 2016-17 season. And, also, in a short period the Rossoneri could also have a new stadium property, writes The Republic . The future of Milan is all in the hands of Silvio Berlusconi , which in recent days has been “exonerated” virtually (on Facebook ) by fans, angry after the results against Carpi and Verona.
