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.
In his first statement, Li said "I thank Berlusconi and
Fininvest for their confidence, and the fans for their patience,
from today we will build the future".
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
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