​According to Italian news source ​Football Italia, documents regarding the takeover of Serie A outfit AC Milan have been passed to the Bank of Italy with the aim of having the source of funds verified.


Sino-Europe Sports have already handed over two installments of €100m, but Chinese businessman Yonghong Li shut down the consortium last weekend and will instead move forward with Rossoneri Sport Investment Lux.


Fininvest, an Italian holding company owned by the Berlusconi family, have confirmed that the deal is to be closed by April 14, while La Repubblica report that investigations surrounding the original source of the two deposits are afoot.

Silvio Berlusconi’s lawyer, Niccolò Ghedini, handed over documents detailing the origins to a Milan prosecutor over a week ago. These documents were then passed to the Bank of Italy for further scrutiny, in order to ensure that the funds did not come from illicit sources.


This is said to be standard procedure for such affairs, and shouldn't be viewed as any indication of wrongdoing by either of the parties.


If sources of funds can be verified, it will mark the final step of the takeover. However, if any doubts are raised, an investigation will be opened by the prosecutor. 

Italy Training Session And Press Conference

Meanwhile, Milan are looking to secure the futures of the club's biggest stars before the takeover can begin.


Gigio Donnarumma, Suso, Mattia De Sciglio and Alessio Romagnoli are thought to be the club's priorities in terms of extensions being signed. But they may struggle to tie them down, with several European powerhouses on the prowl.


Kavan Flavius is a regular contributor to the Official Chelsea Guest Fan Blog, find him on Twitter@KavanFlavius.