Chinese consortium offers 700 mln euros for soccer club AC Milan - source


AC Milan's flag waves in front of San Siro stadium in Milan April 29, 2015. AREUTERS/Alessandro Garofalo

MILAN (Reuters) - A Chinese consortium has offered to buy AC Milan soccer club, one of former Italian premier Silvio Berlusconi's most cherished assets, two sources familiar with the matter said on Friday.

The offer values the club the four-times prime minister refers to as "my Milan" at around 700 million euros (548 million pounds) including debt, one of the sources said. The identities of the Chinese investors were not known.

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