Chinese investors buy A.C. Milan soccer club

A consortium of Chinese investors agreed to buy Italian A.C. Milan soccer team, putting an end to the 30-year-long ownership of Silvio Berlusconi and to an “era in Italian soccer”.

According to Fininvest, the holding company of the Berlusconi family, the football club was sold to Chinese investors for some 740 million euros (821 million U.S. dollars).

The binding agreement would be finalized by the end of this year.

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