Football: Chinese Investors In Deal To Buy AC Milan

Rukhshan Mir (@rukhshanmir) Published August 05, 2016 | 07:39 PM

Football: Chinese investors in deal to buy AC Milan

MILAN, Aug 5, (APP - UrduPoint / Pakistan Point News - 4th August, 2016) - 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 Euros ($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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