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AC Milan bought by Chinese group

Updated At : 07:25 AM Apr 14, 2017 IST

Milan: Serie A giants AC Milan were sold to Rossoneri Sport Investment Lux today in a deal which sees the Chinese-led consortium take a 99.9% stake in the club and which ushers in a new era in Italian football. The seven-time European champions who are Italy’s most successful club in international competition, have been owned by former three-time Italy Prime Minister Silvio Berlusconi since 1986.

The ^740 million ($786 million) deal sees AC Milan become the second Chinese-owned club in the city after Inter Milan. — AFP

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AC Milan bought by Chinese group

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