AC Milan's €370m takeover completed following protracted saga at the San Siro
The sale of AC Milan to a Chinese consortium has been finalised following months of protracted negotiations in a deal worth €740million.
Rossoneri Sport Investment Lux completed their purchase of a 99.9 per cent stake in the club on Thursday, a statement from previous holding company Fininvest has confirmed.
The investment group, led by executive director Han Li, has been trying for some weeks to conclude a deal but closure on the agreement was persistently pushed back.
It is reported that Li signed the contract to authorise the final payment of €370m in Milan on Thursday, bringing an end to Silvio Berlusconi's 31-year ownership of the club.