Global news

Milan agree Guangzhou Evergrande deal

December 12, 2012
By ESPN staff

AC Milan have struck up a commercial partnership with Chinese Super League champions Guangzhou Evergrande.

Guangzhou Evergrande FC's Chairman Liu Yongzhuo and AC Milan's vice president Adriano Galliani
PA PhotosGuangzhou Evergrande chairman Liu Yongzhuo and AC Milan vice president Adriano Galliani celebrate the clubs' partnership

• Santos submit formal Robinho offer
• Blog: Calcio with Miss Berlusconi

Representatives from Evergrande, who are coached by Italy's 2006 World Cup-winning manager Marcello Lippi, had been in disucssions with Rossoneri vice-president Adriano Galliani in recent days.

And those negotiations resulted in a deal being reached whereby both clubs will arrange mutually benefical player loans and first-option schemes, with work set to start on youth football programmes as Milan continue to strengthen their business links to potential Chinese investors.

"Adriano Galliani was in high spirits when he received the president of Guangzhou Evergrande, Liu Jong Zhuo, at Via Turati," a statement on Milan's official website said.

"The commercial partnership between the two clubs was sealed with smiles and a handshake. Galliani gave the Chinese club president a replica shirt with 8-Liu printed on it as a gift.''