Milan Hold Press Conference to Confirm Sale of Club to Sino-Europe Sports

Michael King

​Over the past 24 hours AC Milan was successfully purchased by Chinese consortium Sino-Europe Sports headed by new owner of the club Li Yonghong.

The deal, which is said to worth around £740m, spells the end of Silvio Berlusconi's 31-year association with the Italian side.

AC Milan v SS Lazio - Serie A
AC Milan v SS Lazio - Serie A

The new owners and consortium presented a press conference on Friday morning to confirm the acquisition and present changes to the board.

Former Inter and Juventus general manager Marco Fassone was officially appointed as the club's general manager after rumours of his impending arrival began in August 2016.

Milan's Official Twitter kept the Milan fans updated as Fassone along with new owner Li Yonghong spoke to the media.

Fassone thanked the new owners, AC Milan's former Deputy Vice-Chairman and CEO Adriano Galliani as well as previous owner Silvio Berlusconi's daughter Barbara  for the opportunity given to him.

Matters then moved to the pitch with the new general asked about the future of the current playing staff, especially young Italian goalkeeper Gianluigi Donnarumma.

Fassone spoke of his admiration for Donnarumma and exclaimed that he and the new owners wanted to make him "a pillar of AC Milan's future."

Finally Fassone was asked about the future of current AC Milan manager Vincenzo Montella who, despite a good run of late, has still only guided Milan to 6th place so far. Outside the European spots.

However Fassone has backed manager Montella saying that he has the full support of the board and looks forward to working with him in the summer during the transfer window.

Milan's next game is the derby against Inter where both teams need the points to challenge Lazio and Atalanta for those coveted Europa League spots for next season.

Li Yonghong and his consortium will hope Saturday's game will be the start of a special journey with Milan.

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