AC Milan has been sold to Chinese investors in a $788 million deal, ending Silvio Berlusconi’s 30-year control of the club.
In a statement, the owner said that it amounted close to 99.9% shares of the club they have owned for atleast 30 years.
The new owners, Luxembourg-based Rossoneri Sport Investment Lux have agreed to pay the debts billed at 186.5 million Euros.
Milan have had a poor run of the season for now 3 years failing to close a European spot.
They now stand 6th position with 7 games to go for a champions league spot
