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AC Milan now a China owned club

06 Jul 2016 | By Rishikesh Malkhede
AC Milan sold to Chinese consortium

Former Italian Prime Minister and owner of AC MIlan, Silvio Berlusconi told the media that he has sold the club to Chinese investors.

He said that the buyers have assured to invest significantly to return the club to former glories.

Mr Berlusconi bought the club in 1986 and invested a lot of amount of money when the club was on the verge of bankruptcy.

In context: AC Milan sold to Chinese consortium

The ClubAssociazione Calcio Milan

Associazione Calcio Milan (A.C. Milan) is a professional Italian football club based in Milan.

The club was founded in 1899.

They are third most successful club in the world with 18 UFEA and FIFA titles. The club has won all the major competitions which they have competed except Europa League, in which they finished as semi finalists twice.

06 Jul 2016AC Milan now a China owned club

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14 Apr 2017Berlusconi finally sells AC Milan for €740million

After months of negotiating, 99.9 percent stakes in the Serie A side AC Milan has been sold to China's Rossoneri Sport Investment Lux for €740 million.

There has been a long negotiation between Rossoneri and the club owner Italy's former Prime minister Silvio Berlusconi.

The deal is supposed to bring significant capital increase in the club, who are currently sixth in the ongoing league.