Italian previous executive Silvio Berlusconi settled his beset offer of soccer club AC Milan to a Chinese-drove consortium on Thursday, a 740 million euro ($ 788 million) bargain that fixes China's grasp on the amusement in Italy.
The arrangement, the greatest Chinese interest in an European club, takes after retail goliath Suning Commerce Group's buy of adversary Internazionale FC a year ago.
A Chinese firm likewise endorses the media rights to the top association, Serie A. In a joint explanation, Berlusconi's holding Fininvest said it had sold its whole 99.93 percent stake in the club to Luxembourg-based Rossoneri Sport Investment Lux, an organization controlled by financial specialist Yonghong Li which supplanted the first Chinese offer vehicle.
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