Chinese investors in deal to buy AC Milan

Chinese investors in deal to buy AC Milan
Silvio Berlusconi agreed on Friday to sell more than 99 percent of AC Milan to a group of Chinese investors. Photo: Giuseppe Cacace/AFP
Silvio Berlusconi agreed on Friday to sell more than 99 percent of AC Milan to a group of Chinese investors, announced Fininvest, the holding company of the Berlusconi family.

A preliminary agreement after months of negotiations sets the value of the Italian giants at €740 million ($825.4m).

The deal was signed on Friday by Danilo Pellegrino, the Fininvest CEO, and Han Li, a representative of the Chinese investors.


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