Friday, 5 August 2016

AC Milan: After 30 years Silvio Berlusconi sells the Italian team to communist investors


Friday, 5 August 2016. After 30 years of ownership, Silvio Berlusconi decides to sell his beloved AC Milan to a bunch of Communists.


Silvio Berlusconi has sold his football team AC Milan, as a Fininvest’s communiqué confirmed at 2:06pm, but what makes things worse is the fact that the new ownership – which bought out the 99.93% of the shares – are Chinese, therefore communists (and we know well what Silvio thinks about communists).


Silvio Berlusconi with one of the communists buying his beloved AC Milan (courtesy of calciomercato.com)
Negotiations and signings took place at Mr Berlusconi’s Villa Certosa on the island of Sardinia, allegedly the Chinese consortium will be paying the lump sum of 740m euros (that is £628m, with the current rate of exchangee, or $820m), including €220m (£187m or $244m) of debts left by the previous management.