AC Milan are set to be the latest top-tier European football team to move into Chinese ownership after long-time owner Silvio Berlusconisaid he had sold the club.
The former Italian prime minister and media magnate told local newspapers yesterday that he had sold one of Europe’s most successful football clubs, after receiving assurances from the buyers that they would invest significantly to return the club to former glories.
Though he did not disclose the identity of those behind the purchase, Mr Berlusconi said: “Milan has now embarked on this path towards China.
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