Berlusconi ready to sell Milan to Chinese investor
Print Edition
ITALY’S former prime minister Silvio Berlusconi said yesterday he was ready to sell AC Milan to a Chinese investor as long as 400 million euros (US$446 million) are invested in the struggling Serie A giant over two years.
“I gave up all claims to the price, I accepted what was offered to me, which does not even take into account the importance of the brand,” Berlusconi said. The 79-year-old media mogul did not name the investor but said it was a “Chinese company with public capital”. “I demanded the new owners commit to invest at least 400 million euros in AC Milan over the next two years,” he said on his release from hospital after open-heart surgery. The takeover would see Milan become the second Milan club, after Inter, to be sold to Asian owners. Inter was bought by Indonesian Erick Thohir in November 2014.
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