Posted inBeijing, China, European Union, Italy, World

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 […]