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Silvio Berlusconi agrees €1bn Milan takeover deal with Chinese investors - reports Silvio Berlusconi ‘agrees €1bn Milan takeover deal with Chinese investors’
(about 2 hours later)
Milan owner Silvio Berlusconi could be close to selling 75% of his shares in the seven-time European Cup winners after reportedly holding talks with Chinese investors over a potential €1bn takeover. The Milan owner, Silvio Berlusconi, could be close to selling 75% of his shares in the seven-times European Cup winners after reportedly holding talks with Chinese investors over a potential €1bn takeover.
According to a report in La Gazzetta dello Sport, the former Italian Prime Minister held talks with a group which includes Hong Kong businessman Richard Lee on Thursday night and told sources that “the sale of 75% of Milan to the Chinese has been agreed on”.According to a report in La Gazzetta dello Sport, the former Italian Prime Minister held talks with a group which includes Hong Kong businessman Richard Lee on Thursday night and told sources that “the sale of 75% of Milan to the Chinese has been agreed on”.
Lee was pictured alongside Berlusconi at a game in October, fuelling rumours that he could be about to purchase a share of the club. The deal is expected to include Berlusconi’s daughter, Barbara, continuing in her position as a club director.Lee was pictured alongside Berlusconi at a game in October, fuelling rumours that he could be about to purchase a share of the club. The deal is expected to include Berlusconi’s daughter, Barbara, continuing in her position as a club director.
Italian news agency AskaNews believes that the Chinese government is playing an instrumental role in the takeover in a bid to promote football in the country.Italian news agency AskaNews believes that the Chinese government is playing an instrumental role in the takeover in a bid to promote football in the country.
Berlusconi took over Milan in 1986 and has seen the club win five European Cups under his stewardship.Berlusconi took over Milan in 1986 and has seen the club win five European Cups under his stewardship.