国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Investors sign deal to buy soccer club AC Milan

By Wang Mingjie In London (China Daily) Updated: 2016-08-06 07:38

Investors sign deal to buy soccer club AC Milan

The AC Milan logo is pictured on a pennant in a soccer store in downtown Milan, Italy April 29, 2015.[Photo/Agencies]

A Chinese consortium has signed a preliminary deal for a 99.93 percent stake of Italian Serie A soccer club AC Milan, according to Fininvest, the holding company headed by former Italian prime minister Silvio Berlusconi.

The agreement, signed on Friday after weeks of negotiations, values AC Milan at 740 million euros ($818 million), including an estimated debt of approximately 220 million euros.

The investors operate through the management company Sino-Europe Sports Investment Management Changxing Co, chaired by Li Yonghong, who is the main sponsor of the investor group.

The consortium, represented by businessman Li Han, also includes Haixia Capital Management Co, the State Development & Investment Corp and other State-controlled entities active in the financial industry and other sectors.

The agreement requires the Chinese investors to spend 350 million euros over three years to improve AC Milan's financial structure.

The deal also requires the investors to deposit 100 million euros to confirm the commitment.

The final contract will be completed by the end of the year, subject to the obtaining of authorizations from Italian and Chinese authorities.

"During the entire negotiation process, Fininvest has always had the objective to provide AC Milan, through an appropriate ownership structure, with greater financial resources to compete with the top football clubs of the world," the holding company said in a statement.

Berlusconi reportedly made up his mind to sell and on Friday called the Chinese side to his villa in Sardinia, where they signed the agreement.

AC Milan will join a long list of European soccer clubs that have received Chinese investment in recent years. They include Atletico Madrid, Espanyol, Manchester City and Aston Villa.

Additionally, Chinese electronics retailer Suning Commerce Group Co bought nearly 70 percent of AC Milan rival Inter Milan for 270 million euros in June.

Xinhua contributed to this story.

Hot Topics

Editor's Picks
...
祥云县| 青铜峡市| 黄平县| 湄潭县| 上蔡县| 乌海市| 建水县| 柳州市| 赤城县| 江北区| 桦南县| 南木林县| 莆田市| 中卫市| 南城县| 庆阳市| 普陀区| 秭归县| 隆尧县| 灌云县| 防城港市| 吕梁市| 平舆县| 盐津县| 花莲县| 鹤岗市| 平原县| 雷波县| 蓝田县| 英吉沙县| 长治县| 武夷山市| 屯昌县| 永德县| 浪卡子县| 天津市| 徐州市| 芦溪县| 太湖县| 樟树市| 浙江省|