Silvio Berlusconi has approved a deal to sell 48 percent of soccer club AC Milan to a group led by Thai businessman Bee Taechaubol, a historic change for the team which the former Italian prime minister has owned since the 1980s.
The deal to sell top-flight Italian soccer team AC Milan to a consortium of Chinese investors will be completed at the beginning of December or even earlier, two sources told Reuters on Friday. In August former Prime Minister Silvio Berlusconi signed a preliminary agreement valuing the club at 740 million euros ($822 million), including 220 million euros of debt. The deadline for completing the deal had been originally set for the end of this year.
Former Italian Prime Minister Silvio Berlusconi has denied the latest media reports that his AC Milan soccer club was up for sale, saying he was not ready to part with the team he has owned since the 1980s.
Former Italian Prime Minister Silvio Berlusconi met Thai businessman Bee Taechaubol on Wednesday to discuss the sale of a stake in Serie A football club AC Milan, which he has owned for almost 30 years.
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