A Chinese consortium looking to purchase AC Milan has been accused of providing false documents during its initial negotiations with the club.

Sino-Europe Sports Investment Management Changxing Co, led by businessman Li Yonghong, has already paid €100 million to Fininvest, the holding company of AC Milan owner and president Silvio Berlusconi, who is expected to sign off on the €740 million deal by the end of the year.

A Bloomberg report claims Sino-Europe Sports provided documents on "what appears to be Bank of Jiangsu Co. stationery, purporting to show transaction details of a consortium member's corporate account."

It added that "after reviewing the matter, Bank of Jiangsu found it hadn't issued any such document detailing the account's transactions."