Thursday, 13 April 2017

OFFICIAL: Berlusconi sells Milan to Li

The takeover of Milan has officially been completed, with Silvio Berlusconi selling the club after 31 years.

A consortium led by Chinese businessman Yonghong Li has been attempting to buy the Rossoneri for some time, but the deal was hit by a series of delays.

However, after Sino-Europe Sports became Rossoneri Sport Luxembourg and received investment from an American hedge fund, a meeting was held this morning to ratify the sale.