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Silvio Berlusconi sells AC Milan majority stake to Chinese consortium

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AC Milan chairman Silvio Berlusconi agrees to sell his 99.93% stake in the Italian club to a Chinese consortium.

AC Milan president Silvio Berlusconi has agreed to sell his 99.93% stake in the Serie A club to a consortium of Chinese investors, ending his 30-year ownership of the seven-time European champions.

The former Italian prime minister's Fininvest family holding said that it had signed a preliminary agreement valuing the club at €740m (£627.4m), which includes €220m (£186.5m) of debt.

Sino-Europe Sports Investment Management Changxing, the group buying AC Milan, have agreed to invest €350m (£297m) into the club in the next three seasons.

The announcement comes on the same day that Premier League side West Bromwich Albion joined their Midlands neighbours Wolverhampton Wanderers and Aston Villa in being bought by Chinese consortia.

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A general view of San Siro Stadium with only few fans before the AC Milan v Livorno serie A match on February 11, 2007
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TeamPWDLFAGDPTS
1Napoli19142330121844
2Atalanta BCAtalanta18132343202341
3Inter Milan17124145153040
4Lazio1911263327635
5Juventus18711030151532
6Fiorentina1895431181332
7Bologna177732521428
8AC Milan177642617927
9Udinese197482328-525
10Roma196582624223
11Torino195681924-521
12Empoli194871822-420
13Genoa194871627-1120
14Parma194782534-919
15Hellas VeronaHellas Verona1961122442-1819
16Como184682030-1018
17CagliariCagliari1945101832-1417
18Lecce1945101131-2017
19VeneziaVenezia1935111832-1414
20Monza1917111727-1010
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