Chinese rumored in Milan deal
Print Edition
AC Milan owner Silvio Berlusconi could sell the club to a group of Chinese in a move that would see both Milan giants come under Asian ownership, reports in Italy said yesterday.
Amid an ongoing crisis in Serie A, Berlusconi has failed to invest heavily in top players. Instead, speculation surrounding his reported desire to wash his hands of the club has increased.
The latest reports quoted Berlusconi as saying “the sale of 75 percent of the club to the Chinese has been done”. The remarks were reportedly made by Berlusconi on Tuesday night during a private event.
Gazzetta dello Sport was among several media outlets to report the story and the Italian sports daily said the 75 percent stake could sell for between 1-1.5 billion euros. The report added that Berlusconi has demanded that his daughter Barbara, currently a joint CEO of the club along with Adriano Galliani, remains as the club’s administrator in any future deal.
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