The Berlusconi family holding company Fininvest called a board meeting for Tuesday noon to open exclusive talks with a consortium of Chinese investors over the sale of AC Milan soccer club, a source close to the matter said.
The asset is one of the most cherished ones by former Italian prime minister Silvio Berlusconi, who last summer failed to complete a sale of the club to Thai businessman Bee Taechaubol. A person who followed the negotiations said Berlusconi changed his mind at the last minute.
The group of Chinese investors – whose identity is still not known – has valued the club at 700 million euros ($798 million), including debt, another source said last week.
(Reporting by Elvira Pollina, editing by Paola Arosio)
Source: Reuters Sports