Head of Rossoneri Sport Investment Lux, Chinese businessman and new owner of the AC Milan football club, Yonghong Li (C) poses with Italian businessman Marco Fassone (R) and Rossoneri Sport Investment Lux representative David Han Li (L) during a press conference on April 14, 2017 in Milan.
Serie A giants AC Milan were sold to Rossoneri Sport Investment Lux yesterday in a deal which sees the Chinese-led consortium take a 99.9% stake in the club. The seven-time European champions who are Italy’s most succcessful club in international competition, have been owned by former three-time Italy prime minister Silvio Berlusconi since 1986. A joint statement by AC Milan’s holding company Fininvest and Rossoneri Sport Investment Lux said on April 13, 2017 : “Today Fininvest has completed the sale of the entire stake owned in AC Milan – equal to 99.93% – to Rossoneri Sport Investment Lux.”
/ AFP PHOTO / MIGUEL MEDINA (Photo credit should read MIGUEL MEDINA/AFP/Getty Images)