Berlusconi: AC Milan sold to Chinese consortium
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Former Italian Prime Minister Silvio Berlusconi says he has sold football club AC Milan to a Chinese consortium, the BBC reports.
Berlusconi, who owns the Serie A team, made the remarks to local newspapers on Tuesday.
He said they will be paying at least €400m (£220m) over the next two years, which may value the club at up to €750m including debt.
“Milan has now embarked on this path towards China,” he said without disclosing the identity of the buyers.
However other media outlets, citing their own sources, said the terms of the deal are still being finalised.