Chinese investors complete deal to buy Italy soccer club AC Milan

Adriano Galliani arrives at a notary's office for the transfer of ownership of AC Milan from Silvio Berlusconi's Fininvest to China's Li Yonghong in Milan, Italy April 13, 2017. REUTERS/Daniele Mascolo

MILAN (Reuters) - Italian former prime minister Silvio Berlusconi finalised his troubled sale of soccer club AC Milan to a Chinese-led consortium on Thursday, a 740 million euro ($788 million) deal that tightens China's grip on the game in Italy.

The deal, the biggest Chinese investment in a European club, follows retail giant Suning Commerce Group's purchase of local rivals Inter last year. A Chinese firm also underwrites the media rights to the top league, Serie A.