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    AC Milan's Andrea Bertolacci, right, kicks the ball during a Serie A soccer match against Chievo at Bentegodi stadium in Verona, Italy, Sunday, March 13, 2016

    Silvio Berlusconi Confirms Selling AC Milan to Chinese Investors

    © AFP 2018/ Felice Calabro
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    AC Milan's President Silvio Berlusconi confirmed on Tuesday selling the club to Chinese investors.

    MOSCOW (Sputnik) — Earlier, media reported that Berlusconi made a deal worth 700 million euro ($780 million) selling 80 percent of the club's shares. The consortium of Chinese businesses is reportedly led by Robin Li, a co-founded the Chinese search engine Baidu.

    ​"I sold Milan to the group which will make it return to the first ranks in Italy, in Europe and in the world," Berlusconi said, as quoted by Football Italia.

    ​Berlusconi acquired AC Milan in 1986. Last time the football club won Serie A, Italy's premier football league competition, in 2010-2011 season.


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    investment, football, AC Milan, Silvio Berlusconi, China, Italy
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