The 31-year era of Silvio
Berlusconi as AC Milan owner came to an end Thursday when
Chinese businessman Li Yonghong formally became the owner.
Berlusconi's holding company Fininvest closed a deal selling
99.93% of the seven-time European champion's shares to
Luxembourg-based vehicle Rossoneri Sport Investment Lux, created
ad hoc by the Chinese investor.
"Fininvest today finalised the sale to Rossoneri Sport
Investment Lux of its entire stake, 99.93%, held in AC Milan", a
joint statement said.
"The buyers have confirmed their commitment to make major
interventions of recapitalisation and financial and assets
reinforcement of AC Milan".
photo: likely future chairman David Han Li, right-hand man of
new owner Li Yonghong
ALL RIGHTS RESERVED © Copyright ANSA