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Berlusconi agrees Milan sale
- Updated: August 5, 2016
Silvio Berlusconi has agreed to sell AC Milan to a consortium of Chinese investors, ending his 30-year ownership of the seven-time European champions.
The former Italian Prime Minister’s Fininvest family holding said it had signed a preliminary agreement valuing the club at €740m (£627.4m), which includes €220m (£186.5m) of debt.
The Chinese investors, whose identity had not been disclosed during three months of negotiations, included development and investment fund Haixa Capital and Yonghong Li, chairman of management company Sino-Europe …
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