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Official: Silvio Berlusconi sells Milan

Silvio Berlusconi sells Milan

Silvio Berlusconi has finished the sale of Milan after long-lasted negotiations.

As reported by Sky Sports journalist Gianluca di Marzio, Finivest has received all the money to their bank accounts. The sides have already signed the necessary documents to complete the sale. Starting from today Milan belong to Chinese businessman Yonghong Li.

As agreed beforehand, the new owners will allocate a big amount of money for new transfers in the coming summer. Reports in Italy suggest, that the figures that are being spoken about, are nearing 150-200 million euros.

Former Italian Prime Minister Silvio Berlusconi has owned Milan for 31 years. The new owners’ first match will be Saturday’s derby against Inter Milan.