Silvio Berlusconi is set to sell the Rossoneri to a group of Chinese investors as a lengthy campaign to sell the club comes to an end.
A group of Chinese investors is one step closer to completing its takeover of AC Milan after president Silvio Berlusconi approved the preliminary contract concerning their purchase of the club.
The CEO of Berlusconi's holding company Fininvest, Danilo Pellegrino, and Han Li – representative of the group of investors – signed a contract which would see the incumbent owner's 99.93 percent stake sold.
Both parties aim to complete the takeover by the end of the calendar year as they await the green light from the Italian and Chinese authorities.