05.08.2016 14:35 h
Chinese investors in deal to buy AC Milan
getty, Pier Marco Tacca
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.