Finally Berlescuni sells AC Milan

The Fininvest company, owner of the AC Milan announced the final signing of a deal to sell the club to a group of Chinese investors.

99.93% of the Rossoneri shares owned by the Italian Prime Minister Silvio Berlusconi were evaluated at around 740 million euros, 250 million euros of them are dedicated to pay off the club's debts.

The group that acquired the ownership of Milan is called "European Sino Investment Management" .Moreover, media reports claimed that members of E.S.I.M were among the first group that negotiated for the purchase of 80% of the club's shares.

The Chinese group promises to invest 350 million euros over three years to strengthen the team, 100 million euros of them will be spent this summer.


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