Chinese make bid for Berlusconi's AC Milan: reports

AFP - [email protected]
Chinese make bid for Berlusconi's AC Milan: reports
Italian media reports say Silvio Berlusconi has received a Chinese bid for a 70 percent stake in AC Milan. Photo: Gerard Julien/AFP

AC Milan president Silvio Berlusconi received an offer from China to take a majority stake in the seven-time European champions with an agreement not far away, Italian media reported on Friday.


According to sports daily Corriere dello Sport, the proposed deal would be for 70 percent of the club, worth around €400 million ($45.1 million).
Gazetta dello Sport though reported the deal is worth between €600 and €700 million, equivalent to a majority, but did not elaborate further.
The identity of the bidder is not known for certain, but Corriere dello Sport speculated that it could be from either internet entrepeneur Robert Li or He Xiangjian, who made his fortune in producing air conditioning.
Both men are among the 10 richest in China, according to the 2015 Forbes rich list.
After finishing ninth and eighth in the last two seasons in Serie A, Milan are struggling again this season and sit sixth in the table, meaning that they will again miss out on the Champions League.
Cristian Brocchi took over from the sacked Sinisa Mihajlovic as manager earlier this week.


Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also