AC Milan: Marco Fassone will be appointed CEO of the club by the future Chinese owners

"I confirm that after the closing (of the deal) I will be chief executive and director general of AC Milan," said Marco Fassone (ITA), on 11/08/2016. The announcement of his future appointment was made by the Chinese company Sino-Europe Sports Investment Management Changxing, for whom Marco Fassone will fulfill an advisory role until the official acquisition of AC Milan (Serie A TIM).

Sino-Europe Sports Investment Management Changxing, which includes, notably, Haixia Capital, is an investment fund backed by the Chinese state and the entrepreneur Li Yonghong, who have found a pre-agreement with Fininvest, the holding company owned by the Berlusconi family, for the purchase of the entirety of the share capital of AC Milan held by Fininvest, i.e. 99.93%, on 11/08/2016. The AC Milan acquisition, which must still be approved by Italian and Chinese authorities "before the end of the year 2016", values the club at €740m, including debt estimated at €220m.

"(Marco) Fassone has already filled managerial roles in several clubs in Italy, in particular Juventus, Napoli and Inter. We are…