Posted inBeijingChinaEuropean UnionItalyWorld

End of Berlusconi era as Chinese group buys AC Milan

Italian former prime minister Silvio Berlusconi sealed his troubled sale of soccer club AC Milan to a Chinese-led consortium on Thursday, a 740 million euro (US$788 million) deal that tightens China’s grip on the game in Italy. The deal, the biggest Chinese investment in a European club, follows retail giant Suning Commerce Group’s purchase of […]