AC Milan's flag waves in front of San Siro stadium in Milan April 29, 2015. REUTERS/Alessandro Garofalo
MILAN (Reuters) - Former Italian prime minister Silvio Berlusconi opened exclusive talks on Tuesday with a group of Chinese investors about selling a majority stake in football club AC Milan, one of the media mogul's most cherished assets.
Berlusconi's family holding company Fininvest said it signed a memorandum with the Chinese consortium at a board meeting on Tuesday to "kick off in-depth negotiations." Fininvest gave no deadline but a source close to the matter told Reuters the talks would last one month and were non-binding.
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