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Silvio Berlusconi sells AC Milan majority stake to Chinese consortium

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AC Milan chairman Silvio Berlusconi agrees to sell his 99.93% stake in the Italian club to a Chinese consortium.

AC Milan president Silvio Berlusconi has agreed to sell his 99.93% stake in the Serie A club to a consortium of Chinese investors, ending his 30-year ownership of the seven-time European champions.

The former Italian prime minister's Fininvest family holding said that it had signed a preliminary agreement valuing the club at €740m (£627.4m), which includes €220m (£186.5m) of debt.

Sino-Europe Sports Investment Management Changxing, the group buying AC Milan, have agreed to invest €350m (£297m) into the club in the next three seasons.

The announcement comes on the same day that Premier League side West Bromwich Albion joined their Midlands neighbours Wolverhampton Wanderers and Aston Villa in being bought by Chinese consortia.

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A general view of San Siro Stadium with only few fans before the AC Milan v Livorno serie A match on February 11, 2007
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TeamPWDLFAGDPTS
1Atalanta BCAtalanta16121339172237
2Napoli16112324111335
3Inter Milan15104140152534
4Fiorentina1594228111731
5Lazio1610153023731
6Juventus16610026121428
7Bologna156722118325
8AC Milan156542416823
9Udinese166281925-620
10Empoli164751416-219
11Torino165471720-319
12Roma164481823-516
13Genoa163761324-1116
14Lecce164481027-1716
15Parma163672328-515
16Como163671828-1015
17Hellas VeronaHellas Verona1650112139-1815
18CagliariCagliari163581526-1114
19Monza161781421-710
20VeneziaVenezia1624101529-1410
> Serie A Full Table


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