AC Milan Sold To Chinese-backed Consortium - WELCOME TO GEEZYWAP

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Thursday 13 April 2017

AC Milan Sold To Chinese-backed Consortium

Serie A giants AC Milan were sold to Rossoneri
Sport Investment Lux on Thursday in a deal which
sees the Chinese-led consortium take a 99.9%
stake in the club. The seven-time European champions who are
Italy’s most succcessful club in international
competition, have been owned by former three-
time Italy prime minister Silvio Berlusconi since
1986. A joint statement by AC Milan’s holding company
Fininvest and Rossoneri Sport Investment Lux
said: “Today Fininvest has completed the sale of
the entire stake owned in AC Milan – equal to
99.93% – to Rossoneri Sport Investment Lux.”

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