MagazineBuy Print

PREMIUM

PLAYGROUNDS

MULTIMEDIA

ON STAGE

PREMIUM

PLAYGROUNDS

MULTIMEDIA

ON STAGE

Latest issue of Sportstar

Subscribers Only Have you subscribed yet?

Buy Print

  • Get sportstar app on
  • Google Playstore

AC Milan sold to Chinese-backed consortium

Serie A giants AC Milan were sold to Rossoneri Sport Investment Lux on Thursday in a deal which sees the Chinese-led consortium take a 99.9 percent stake in the club.

Published : Apr 13, 2017 18:08 IST , Milan

AFP
David Han Li arrives at a notary's office for the transfer of ownership of AC Milan from Silvio Berlusconi's Fininvest to China's Li Yonghong in Milan.
David Han Li arrives at a notary's office for the transfer of ownership of AC Milan from Silvio Berlusconi's Fininvest to China's Li Yonghong in Milan.
lightbox-info

David Han Li arrives at a notary's office for the transfer of ownership of AC Milan from Silvio Berlusconi's Fininvest to China's Li Yonghong in Milan.

Serie A giants AC Milan were sold to Rossoneri Sport Investment Lux on Thursday in a deal which sees the Chinese-led consortium take a 99.9 percent stake in the club.

The seven-time European champions who are Italy's most succcessful club in international competition, have been owned by former three-time Italy prime minister Silvio Berlusconi since 1986.

A joint statement by AC Milan's holding company Fininvest and Rossoneri Sport Investment Lux said: "Today Fininvest has completed the sale of the entire stake owned in AC Milan - equal to 99.93 percent - to Rossoneri Sport Investment Lux."

Latest on Sportstar

  1. Coco Gauff: I just want to get a recent clay title under my belt
    Reuters
  2. Paris 2024 Olympic shooting selection trials to begin from April 19
    Kamesh Srinivasan
  3. Deepti Sharma - India allrounder doubles up WPL heroics for UP Warriorz with imperious domestic red-ball performance
    Lavanya Lakshmi Narayanan
  4. Windies’ Powell trying to coax Narine out of retirement for home T20 World Cup
    Reuters
  5. KKR vs RR, IPL 2024: Rinku Singh credits Gautam Gambhir for Sunil Narine’s transformation as ‘specialist opener’
    PTI
READ MORE STORIES
Latest issue of Sportstar

Off-side: Hardik Pandya, a victim of misplaced vitriol

Ayon Sengupta
Who’s next: Sunil Chhetri has been the leader of the Indian attack for years. The time has now come to find an able successor. 

Who can succeed Sunil Chhetri as India’s striker — a deep dive into what the numbers say

Neeladri Bhattacharjee
+ SEE all Stories

More on Others

  1. Pioli calls for focus as Milan closes in on Champions League return
    Reuters
  2. Pochettino: PSG players must show they deserve to wear the shirt
    Reuters
  3. Leao scores fastest ever Serie A goal to set up Milan win
    AP
  4. Serie A: Ibrahimovic nears return as tiring AC Milan looks to cling on at the top
    Reuters
  5. Ligue 1: Mbappe scores 100th PSG goal in 3-1 win, Rennes loses again
    AP
READ MORE STORIES

Latest on Sportstar

  1. Coco Gauff: I just want to get a recent clay title under my belt
    Reuters
  2. Paris 2024 Olympic shooting selection trials to begin from April 19
    Kamesh Srinivasan
  3. Deepti Sharma - India allrounder doubles up WPL heroics for UP Warriorz with imperious domestic red-ball performance
    Lavanya Lakshmi Narayanan
  4. Windies’ Powell trying to coax Narine out of retirement for home T20 World Cup
    Reuters
  5. KKR vs RR, IPL 2024: Rinku Singh credits Gautam Gambhir for Sunil Narine’s transformation as ‘specialist opener’
    PTI
READ MORE STORIES
Sign in to unlock all user benefits
  • Get notified on top games and events
  • Save stories to read later
  • Access to comment on every story
  • Sign up / manage to our newsletters with a single click
  • Get notified by email for early bird access to discounts & offers to our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide to our community guidelines for posting your comment