In this week's China sports industry round-up: Xi Jinping’s term extension supports football reforms; Wanda leaves Atlético, looks inward; and Tmall sponsors Renault F1 team
CHINA DIGEST | NHL makes its play; Bayern opens Shenzhen facility; first live broadcast for WrestleMania
Italian Serie A football club AC Milan will head to the Court of Arbitration for Sport (CAS) after Uefa imposed the stiffest sanction so far on a team from one of Europe’s top five leagues for a breach of its financial fair play regulations.
The Ricketts family, owners of Major League Baseball (MLB) franchise the Chicago Cubs, have announced they are in talks to acquire Italian Serie A football club AC Milan, but they will reportedly face competition from another US party.
A consortium of Chinese investors has signed a preliminary agreement to acquire AC Milan, according to Fininvest, the holding company that owns the Italian Serie A football club.
Chinese businessman Sonny Wu is leading a proposed takeover of Italian Serie A football club AC Milan, according to Bloomberg.
AC Milan president Silvio Berlusconi has said that the Italian Serie A football club is close to finalising a takeover deal with a Chinese group, headed up by internet entrepreneur Robin Li, stating that an agreement has been reached in principle.
A group of Chinese investors has reportedly agreed a deal to acquire an initial 70 per cent stake in AC Milan, as the Italian Serie A football club’s president, Silvio Berlusconi, today (Friday) admitted he is ready to sell the team.
Fininvest, the holding company for the business interests of former Italian Prime Minister Silvio Berlusconi, has today (Tuesday) said it has entered into exclusive negotiations with a Chinese group regarding investment in Serie A football club AC Milan.
A Chinese consortium in talks over a potential takeover of Italian Serie A football club AC Milan is hoping to finalise the deal by June this year, according to Bloomberg.
Silvio Berlusconi has confirmed that he has reached an agreement with Thai businessman Bee Taechaubol regarding the sale of a 48-per-cent stake in Italian Serie A football club AC Milan.
Silvio Berlusconi has agreed to sell a 48 per cent stake in Italian Serie A football club AC Milan to Thai businessman Bee Taechaubol.
Italian Serie A football club AC Milan has taken a major step towards developing a new stadium to replace its San Siro home after receiving approval for its bid to acquire the city’s former trade fair grounds site.
Thai businessman Bee Taechaubol has revealed that he expects to wrap up a deal in the next two months to acquire a 48-per-cent stake in Italian Serie A football club AC Milan.
Thai businessman Bee Taechaubol has said he is confident that a deal for his investment group Thai Prime to acquire a significant stake in AC Milan will be completed soon as Fininvest, the holding company for Silvio Berlusconi’s business interests, maintained the former Italian Prime Minister will maintain control of the ailing Serie A football club.
AC Milan has reported losses of €91.3m ($98.2m) in 2014 as takeover speculation continues to swirl around the embattled Italian Serie A football club.
Thai businessman Bee Taechaubol has stated that he is close to finalising a deal to acquire a majority stake in Serie A football club AC Milan, claiming he will travel to the Italian city this week to complete the transaction.