Thursday, November 17, 2016

Closing of AC Milan sale to Chinese group slated for Dec. 13 (The Associated Press)

FILE - In this file photo taken on July 3, 2015, AC Milan president Silvio Berlusconi waves to supporters flanked by his daughter Barbara, outside the Milanese soccer club's headquarters, in Milan, Italy. Next Sunday's it will likely be Silvio Berlusconi's final derby as AC Milan owner. And the first for Inter's new Chinese proprietors. (AP Photo/Luca Bruno)

The long-awaited sale of AC Milan to Chinese investors could be completed next month. Sino-Europe Sports announced on Thursday that the closing of the deal is slated for Dec. 13, when Milan will hold a shareholders' meeting. Silvio Berlusconi owns 99.93 percent of the club, which he purchased 30 years ago.


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