Sunday, October 27, 2013

AC Milan In Potential Arab Investment

                               
Reports in Italy have suggested that AC Milan are to sell part of the club to an Arab consortium.

The Rossoneri have long been linked with investment from abroad as president Silvio Berlusconi continues to be embroiled in legal trouble in Italy, thus not putting as much as into the club as he did previously.

This coupled with Inter’s recent sale to Indonesian Erick Thohir as sparked rumours of their city rivals being the next in line for a cash injection.

According to the Quotidiano Sportivo, a group consisting of President of the United Arab Emirates, Khalifa Bin Zayed and Ahmed bin Saeed Al Maktoum, chairman of The Emirates Group and the chief executive of Fly Emirates, had a meeting with the Milan hierarchy to discuss a new sponsorship agreement as well as buying a stake in the club.
It is thought with Milan valued at around €720 million, the sheikhs would prefer to hold a share of around 30-40% in Milan.

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