Silvio Berlusconi sells AC Milan to Chinese investors

Chinese investors Rossoneri Sport Investment Lux have completed the £628m (740m euro) takeover of AC Milan, promising “significant capital increases”.

The Serie A club have been owned by former Italy prime minister Silvio Berlusconi since 1986.

In that time they won eight league titles and five European Cups.However, Milan have not won Serie A since 2011 and finished seventh, 10th and eighth in the last three seasons.

They are currently sixth in the league, 20 points behind leaders Juventus.

Source: bbc