It’s reported in several media outlets that the Chinese will complete the deal soon and will take over 70-80% of Milan, the final green light of Silvio Berlusconi is just missing but is expected to arrive.

A historic event seems to be fast-approaching as after much stalling and an unnecessarily long saga, it’s looking like Milan is about to be sold, although with the Rossoneri it’s probably best to not open the champagnes until the official announcement arrives.

La Repubblica report that on Monday night there was a meeting between Silvio Berlusconi, Vice President Adriano Galliani and the Fininvest directors who are closely linked to the negotiations and Silvio seems to have received the assurances that he was looking for from the Chinese in terms of investment and his position within the club as the President over the next few years.

The Chinese have asked to buy 80% of the shares right away instead of 70% with the 20% to be purchased in the future. La Repubblica expects the announcement to take place next week.

Carlo Festa of Il Sole 24 Ore wrote on his blog earlier that “the agreement is almost done for the sale of Milan to the Chinese-controlled consortium. The transaction will be concluded in the first 10 days of July. The exclusive term, which expires on June 30, will be postponed for a few days, maybe a week. The contract is ready & it’s just missing Fininvest’s final signing with Berlusconi’s green light.”

Festa also suggested that the Chinese will buy 70-80 per cent of Milan. The Rossoneri’s evaluation (including debts) would be around €700-750m while Fininvest are expected to pocket €350m.

Andrea Montanari of MilanoFinanza told Milannews.it that the deal is 95% done. The identities of the people behind the Chinese consortium are still rather unknown. Montanari brought up the names of Robin Li (net worth of $11.6 billion according to Forbes), Evergrande Group (China’s second-largest property developer by sales) and Kweichow Moutai Company but no one has been publicly confirmed.

It seems that Milan are heading towards a new era which could begin on July 7th when Vincenzo Montella guides his first training session at Milanello under the new reign of the Chinese.