Chinese investors set to complete Milan takeover as Silvio Berlusconi sells stake

• Milan said to be valued at around £630m
• Berlusconi agrees deal in principle with Chinese investors

Silvio Berlusconi’s investment arm, Fininvest, have announced a preliminary deal to sell the majority stake in Serie A club Milan to Chinese investors. Han Li, the representative of a group of Chinese investors, has agreed a contract concerning the 99.93% stake owned by Berlusconi.

The investors operate through the management company Sino-Europe Sports Investment Management Changxing Co. Among those investors are companies active in the financial industry and others in industrial sectors, Fininvest said in a statement.

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