•  Berlusconi negotiating AC Milan sale

    Berlusconi negotiating AC Milan sale

    AC Milan owner Silvio Berlusconi is negotiating the club’s sale, this morning’s edition of Il Corriere della Sera reports.

    The Italian paper claims a China group have already made a bid in the region of €650-700 million to acquire the majority stake of the club.

    Mr. Bee, a suitor who had been close to buy a minority stake of the club, had previously evaluated the worth of AC Milan around € 1 billion, but the deal collapsed as the Thai businessman was unable to find the right economic partners.

    Fininvest are now considering the new offer and in case they will accept it, Berlusconi would become the  honorary president of the club he’s been owning for the last 30 years.

    The two parties could sign a pre-contract agreement before July, closing the deal in autumn.

    Lorenzo Bettoni @lorebetto

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