The group of Chinese investors buying AC Milan have paid a second deposit of £84million as they look to complete their purchase of the Serie A club.

The completion of the deal had been scheduled for Tuesday, but last week Silvio Berlusconi's holding company and Sino-Europe Sports agreed to a three-month delay, postponing the closing of the deal until March 3.

The agreement required Sino-Europe to provide another €100m, roughly £84m, by Monday - in addition to the €100m already paid by the consortium.

 

 

A statement released on Tuesday by the Chinese consortium confirmed the sum had been deposited.

The deal with Sino-Europe, which includes the participation of a Chinese state investment fund, values Milan at around £622m.

Berlusconi owns 99.93 percent of the club, which he purchased 30 years ago.

AC Milan are currently third in Serie A and trail leaders Juventus by seven points following Monday's 1-0 defeat to Roma.

 

 

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