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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