Fininvest confirms sale of AC Milan to Chinese investors


AC Milan's Alex celebrates after scoring . REUTERS/Alessandro Garofalo

MILAN (Reuters) - Fininvest, the family holding company lead by former prime minister Silvio Berlusconi, confirmed on Friday it had signed a preliminary agreement to sell 99.93 percent of Italian soccer club AC Milan to a group of Chinese investors.

The consortium includes Chinese development and investment fund Haixa Capital and Yonghong Li, chairman of the management company Sino-Europe Sports Investment Management Changxing, Fininvest said in a statement.

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