Updated July 22nd, 2016
Today Berlusconi was released from hospital and said that he has sold Milan. He has demanded that the Chinese invest €400 million over two years to bring Milan back to the top. More details and preliminary agreement signing should be next week.
According to sources, Robin Li, of search engine Baidu, the sometimes rumoured leader the Chinese group is indeed the main person behind the bid.
Galliani may leave his CEO post as soon as September but will leave as a vice president or in some sort of similar capacity, as will Barbara Berlusconi. Nicholas Gancikoff will then become Milan’s CEO. There is no clear or official indication on what will happen after this summer. Many hope to have a clearer picture next week, July 12th or 13th, when and if the preliminary is signed.
In the meanwhile Galliani is looking to make rapid recruitments and names like Marko Pjaca, Mateo Musacchio, Shkodran Mustafi are most mentioned.
Despite the new transfer budget Carlos Bacca is likely to leave as Montella is given more freedom to shape his squad.
More than two weeks have passed since the initial Berlusconi statement upon his release from hospital. The market has since been ‘blocked’ awaiting the take over. The bigger names like Baidu’s Robin Li have been replaced by lesser names like Sonny Wu and venture capitals instead of personal or corporate wealth. There is little known about how the take over will really be, there have been too many reports and contradictory statements from supposed insiders. At this point there is even a possibility of a 100% take over (instead of 70~80%) and there is an outside chance that nothing will happen. In the meanwhile the team is flying to the US for the International Champions Cup and Montella is taking with him an uncertainty as to who he will have at his disposal when the season starts the weekend of August 21st.
Lots more to follow, here and on the forum.