AC Milan sold to Chinese consortium in $800-million deal - News Summed Up

AC Milan sold to Chinese consortium in $800-million deal


David Han Li, centre, arrives at a notary's office for the transfer of ownership of AC Milan from Silvio Berlusconi's Fininvest to a Chinese consortium led by Chinese businessman Yonghong Li, in Milan on Thursday. ( Flavio Lo Scalzo / The Associated Press )MILAN—Silvio Berlusconi’s 31-year reign at AC Milan is over. Italy’s most successful club was finally sold by the former Italian prime minister to a Chinese-led consortium after several delays over the past few months. The new owners’ first match will be Saturday’s derby against Inter Milan, which is also owned by a Chinese company. “This is an epochal day for Milan,” AC Milan coach Vincenzo Montella said.


Source: thestar April 13, 2017 16:04 UTC



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