Silvio Berlusconi sells Milan FC for €740 mio to Chinese investors

Former Italian prime minister Silvio Berlusconi finalised his troubled sale of the club on Thursday, which his family holding Fininvest held a 99.93 per cent stake in, to Chinese investors Rossoneri Sport Investment Lux, as the Independent reports.

AC Milan has been sold for €740m to a Chinese-led consortium in what marks the biggest-ever Far East investment in a European club.

The deal follows retail giant Suning Commerce Group's purchase of crosstown rival Internazionale FC last year and further tightens China’s grip on the game in Italy. Κάνοντας Like στο Facebook ενημερώνεστε άμεσα για τα νέα άρθρα -->