Friday, August 5, 2016
Berlusconi signs deal to sell full AC Milan stake (The Associated Press)
Silvio Berlusconi has signed a deal to sell his full majority stake in Italian club AC Milan to Chinese investors. Berlusconi's Fininvest investment arm said Friday that the deal with a Chinese investment group values the club at 740 million euros (around $820 million) and requires the investors to spend 350 million euros over three years on improvements. Berlusconi owns 99.93 percent of the club, which has been European champion seven times.
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