It looks like Silvio Berlusconi is selling AC Milan to a Chinese conglomerate
Advertisement
Fininvest, the company own by ex-Italian Prime Minister Silvio Berlusconi, is likely to reach a deal to sell AC Milan to a consortium of Chinese investors very soon, according to Reuters.
Advertisement
A source told the news agency that "today will be an important day for the possible sale of the club."
This is not the first time talk of selling AC Milan to a Chinese business has come up - in May Italian publications said that Alibaba owner Jack Ma was interested in buying the club, but nothing came of it.
Reuters quotes a source as saying the mystery Chinese consortium now buying AC Milan have made an offer which values the club at €700 - 750 million (£885 million; $834 million) including debt.
Advertisement
- Poonch Terrorist Attack: One Indian Air Force soldier dies, five injured; Patrolling intensifies across J&K
- The Role of AI in Journalism
- 10 incredible Indian destinations for family summer holidays in 2024
- 7 scenic Indian villages perfect for May escapes
- Paneer snacks you can prepare in 30 minutes
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market