Wanda in Milan talks
Print Edition
FORMER Italian Prime Minister Silvio Berlusconi is to open talks with a consortium of Asian companies to sell about 70 percent of AC Milan football club, Italy’s Il Messaggero newspaper reported yesterday.
Citing banking sources, the newspaper said Berlusconi would soon agree to start one month of exclusive talks with the consortium through the consulting firm Galatioto Sports Partners. The report said one of the companies in the consortium was part of China’s Wanda Group. Last week, two sources said that a Chinese consortium had offered to buy the club, one of Berlusconi’s most cherished assets, and valued it at around 700 million euros (US$801 million) including debt.
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