AC Milan could be set for €1BILLION takeover by Chinese investors
It’s reported Silvio Berlusconi has privately admitted that selling Milan to Chinese investors is a ‘done deal’.
Despite the head of one of the parties thought to be interested distancing himself from any takeover, it’s believed that an agreement has been reached with some Chinese investors.
AskaNews claims that Berlusconi has said in private meetings that “the sale of 75 per cent of Milan is a done deal”, with only a few months needed to iron out the details.
AskaNews believes that the Chinese government is playing a large role in the operation, in order to promote football in the country, with the long-term aim of making the national team a major world power.
Milan are said to be the most popular team in China, so the acquisition of the club would be viewed as an important step along this road.
Berlusconi is reportedly set for another meeting with the investment group at his Arcore residence in the next 24 hours.
COULD BE, NOT DONE YET
Reports in Italy suggest Silvio Berlusconi has agreed to sell a 75 per cent stake in the Serie A club
Silvio Berlusconi is on the verge of agreeing the sale of 75 per cent of AC Milan to a group of Chinese investors, according to reports in Italy.
The Serie A club owner and former Italian Prime Minister bought Milan in 1986, saving it from bankruptcy and leading them to eight league titles and five European Cup successes.
But now Gazzetta dello Sport claim that “the sale of 75 per cent of Milan to the Chinese has been agreed on”.
The group of buyers is though to include Hong Kong businessman Richard Lee, who was seen watching Milan alongside Berlusconi at the San Siro in October.
It is, however, believed that Berlusconi’s daughter, Barbara, will remain on the board of directors after the sale.
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