China Inc's $3 billion land grab among Europe's soccer royalty


The AC Milan logo is pictured on a pennant in a soccer store in downtown Milan, Italy April 29, 2015. REUTERS/Stefano Rellandini/File Photo

LONDON/SHANGHAI (Reuters) - It was over lunch at his villa outside Milan with soccer "super-agent" Jorge Mendes that Italian tycoon Silvio Berlusconi realised an unpleasant truth: his storied club, AC Milan, needed cash, and plenty of it.

Mendes, a source familiar with the matter said, was discussing the potential sale of Colombian star James Rodriguez from Real Madrid for 85 million euros ($95 million or 73.24 million pounds)- cash that loss-making, debt-burdened AC Milan simply did not have.

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