Silvio Berlusconi offloads AC Milan to Chinese group

Ex Italian prime minister Silvio Berlusconi has announced the sale of AC Milan football club to an unnamed Chinese consortium in a deal which will net the flamboyant billionaire a minimum of €400m over the next two years.
The deal, announced to local media on Tuesday ((5 July), values the Serie A club at around €750m although it is thought that the final terms of the deal are yet to be finalised.
As things stand Berlusconi’s family holding company, Fininvest, will sell an 80 per