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Chinese investors Rossoneri Sports Investment Lux have completed the £628m (740m euro) takeover of AC Milan, promising “significant capital increases”.

The Serie A club has been owned by former Italy prime minister Silvio Berlusconi since 1986.

In that time they won eight league titles and five European Cups.

Chinese Investors Complete £628m Takeover of AC Milan

However, Milan have not won Serie A since 2011 and finished seventh, 10th and eighth in the last three seasons.

 

They are currently sixth in the league, 20 points behind leaders Juventus.

 

 

via Business Day

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