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Chinese investors put up another €100m for AC Milan purchase

The group of Chinese investors buying AC Milan has put up another €100 million ($107m) for the 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 until March 3.

The agreement required Sino-Europe to provide another €100m by Monday -- in addition to €100m already paid -- and on Tuesday a statement 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 €740m (about $800m).

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