Sports AC Milan completes drawn-out sale to Chinese-owned company

19:04  13 april  2017
19:04  13 april  2017 Source:   theScore

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AC Milan 's official statement read: Today Fininvest has completed the sale of the entire stake owned in AC Milan - equal to 99.93% - to Rossoneri Sport Investment Lux. The ultimate, personalized mobile sports experience. Top Leagues. Company .

The Serie A giant has been taken over by Rossoneri Sport Investment Lux, a holding company in Luxembourg owned by Chinese businessman Yonghong Li Today Fininvest has completed the sale of the entire stake owned in AC Milan – equal to 99.93% – to Rossoneri Sport Investment Lux.

The Silvio Berlusconi era at AC Milan has come to an end.

The Serie A giant has been taken over by Rossoneri Sport Investment Lux, a holding company in Luxembourg owned by Chinese businessman Yonghong Li, following a series of delays which stretched back to last August.

Overall, the deal is worth €740 million, including €220 million in debt.

AC Milan's official statement read:

Today Fininvest has completed the sale of the entire stake owned in AC Milan - equal to 99.93% - to Rossoneri Sport Investment Lux.

Chinese man 'marries' robot he built himself

  Chinese man 'marries' robot he built himself Zheng Jiajia had grown tired of pressure to get married so he turned to Yingying, a robot spouse he constructed last yearZheng Jiajia, 31, decided to commit after failing to find a human spouse, his friend told Qianjiang Evening News.

The Serie A giant has been taken over by Rossoneri Sport Investment Lux, a holding company in Luxembourg owned by Chinese businessman Copyright © 2017 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license. AC Milan completes drawn - out sale to

Today Fininvest has completed the sale of the entire stake owned in AC Milan - equal to 99.93% - to Rossoneri Sport Investment Lux. • Arsenal draws level with Milan after Welbeck's controversial dive.

The closing is the last step of the purchase agreement signed on August 5th 2016 and renewed on March 24th by Fininvest CEO Danilo Pellegrino and David Han Li, as a representative of Rossoneri Sport Investment Lux.

Chinese man 'marries' robot he built himself

  Chinese man 'marries' robot he built himself Zheng Jiajia had grown tired of pressure to get married so he turned to Yingying, a robot spouse he constructed last yearZheng Jiajia, 31, decided to commit after failing to find a human spouse, his friend told Qianjiang Evening News.

The Serie A giant has been taken over by Rossoneri Sport Investment Lux, a holding company in Luxembourg owned by Chinese businessman Copyright © 2017 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license. AC Milan completes drawn - out sale to

Today Fininvest has completed the sale of the entire stake owned in AC Milan - equal to 99.93% - to Rossoneri Sport Investment Lux. The ultimate, personalized mobile sports experience. Top Leagues. Company .

  AC Milan completes drawn-out sale to Chinese-owned company © Twitter / @auropalomba

More to come.

Copyright © 2017 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license.

Down-on-its-luck Caesars pays online chief Garber $210 million .
Mitch Garber watched his father go broke and had some of his school costs paid with donations from strangers. In the past year, he’s scored one of the largest cash payouts to an executive of a publicly traded U.S. company -- $210 million -- thanks to a simple formula: put a little money at risk and look for smart partners.Garber, a 52-year-old Canadian who heads Caesars Entertainment Corp.’s online gaming unit, owes his big payday to the sale last summer of the company’s social-gaming business to a Chinese consortium for $4.4 billion, about 18 times what Caesars paid.

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