Unbelievable Italian Soccer Club AC Milan Is Now Chinese-Owned
"Milan has now left on this way towards China"
Storied Italian soccer club AC Milan has been sold to a Chinese consortium, says the club's proprietor, previous Italian Prime Minister Silvio Berlusconi.
Berlusconi, who served four terms as Prime Minister yet was later indicted charge extortion and renumeration, told an Italian daily paper Tuesday that the arrangement would get around $830 million after the club's obligation had been settled, reports the BBC.
"Milan has now set out on this way towards China," Berlusconi said in a video posted on the site of La Gazzetta dello Sport, as indicated by an interpretation gave by Bloomberg. "It's a vital choice to give AC Milan to somebody ready to make it be a hero in Italy, Europe and all inclusive."
In any case, the 79-year-old did not unveil the character of the purchasers, prompting theory the arrangement for the Rossoneri — the world's third best club with 14 European and four world trophies — had still to be concluded. Robin Li, head of Chinese web crawler Baidu, and Jack Ma, organizer of online commercial center Alibaba, are thought the in all likelihood competitors.
The deal would speak to the most recent prominent obtaining by Chinese financial specialists trying to make waves in the supposed wonderful amusement. A month ago, AC Milan's city rival Internazionale was sold to Chinese hardware retail mammoth Suning, while British club Aston Villa was purchased by Chinese innovation businessperson Tony Xia. Development monster Wanda Group additionally claims 20% of Spain's Atlético Madrid.
"Chinese are particularly extraordinary admirers of Italian clubs," Qiang Bai, CEO of the Sports International Beijing office, reads a clock. "Numerous moderately aged Chinese grew up watching Italian clubs on TV."
Chinese President Xi Jinping is a self-declared soccer fan and in 2014 laid out a 50-direct arrangement toward renew the country's ability at soccer. Beside acquisitions abroad, a portion of the world's top soccer stars have started playing for Chinese groups.
Storied Italian soccer club AC Milan has been sold to a Chinese consortium, says the club's proprietor, previous Italian Prime Minister Silvio Berlusconi.
Berlusconi, who served four terms as Prime Minister yet was later indicted charge extortion and renumeration, told an Italian daily paper Tuesday that the arrangement would get around $830 million after the club's obligation had been settled, reports the BBC.
"Milan has now set out on this way towards China," Berlusconi said in a video posted on the site of La Gazzetta dello Sport, as indicated by an interpretation gave by Bloomberg. "It's a vital choice to give AC Milan to somebody ready to make it be a hero in Italy, Europe and all inclusive."
In any case, the 79-year-old did not unveil the character of the purchasers, prompting theory the arrangement for the Rossoneri — the world's third best club with 14 European and four world trophies — had still to be concluded. Robin Li, head of Chinese web crawler Baidu, and Jack Ma, organizer of online commercial center Alibaba, are thought the in all likelihood competitors.
The deal would speak to the most recent prominent obtaining by Chinese financial specialists trying to make waves in the supposed wonderful amusement. A month ago, AC Milan's city rival Internazionale was sold to Chinese hardware retail mammoth Suning, while British club Aston Villa was purchased by Chinese innovation businessperson Tony Xia. Development monster Wanda Group additionally claims 20% of Spain's Atlético Madrid.
"Chinese are particularly extraordinary admirers of Italian clubs," Qiang Bai, CEO of the Sports International Beijing office, reads a clock. "Numerous moderately aged Chinese grew up watching Italian clubs on TV."
Chinese President Xi Jinping is a self-declared soccer fan and in 2014 laid out a 50-direct arrangement toward renew the country's ability at soccer. Beside acquisitions abroad, a portion of the world's top soccer stars have started playing for Chinese groups.
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