Silvio Berlusconi Confirms AC Milan Sale – AC Milan President Silvio Berlusconi has confirmed that he has sold the club to a group who are set to invest.
The one-time Serie A giants have fallen from grace in recent years, having missed out on European football in the past 3 years, but Berlusconi is confident the deal would boost the club back to prominence.
Speaking to reporters after leaving the hospital where he had heart surgery, the former Italian prime minister revealed that he forced the conglomerate that purchased the club to make an immediate investment into the club.
“I have sold AC Milan to a group that can relaunch them and bring them back to the top in Italy, Europe and the world,” Berlusconi said.
“I demanded that they invest at least €400m for the market over the next two years. They are an important group, with an involvement of the Chinese state.”