Rossoneri Sport Investment Lux Buys AC Milan

  • As per reports, Fininvest sold football club AC Milan to Rossoneri Sport Investment Lux, a company associated with Chinese businessman Yonghong Li. The take over was agreed in August last year. On Thursday it was confirmed that the terms were unchanged and the club was valued at €740m which included debts of €220m.

    AC Milan's shareholders are going to meet on Friday in order to agree the appointment of the company's new governance bodies.