Berlusconis could sell 30 percent of AC Milan

Last updated 03:48 03/04/2014

Relevant offers

Football

London's Wembley to host climax of Euro 2020 Phoenix announce 2014-15 home game fixtures Fifa orders officials return luxury 'gift' watches EPL fireworks ahead as Man City and Chelsea clash German clubs claim bragging rights in Europe Solskjaer departs Cardiff after owner conflict Bayern score last-gasp victory over Man City Paris St Germain waste chances, draw at Ajax Porto crush blunder-prone BATE Borisov 6-0 Athletic Bilbao draw with Shakhtar Donetsk

The family of former Italian premier Silvio Berlusconi is considering selling a stake of between 20 and 30 percent in AC Milan, the football club he bought in 1986 and took to the top of the European game.

The club's co-chief executive Barbara Berlusconi, a daughter of the media magnate, told a news conference on Wednesday (local time) the family was seeking partners and she would travel to the Middle East and later to the United States as part of the process.

Rumours have been circulating for some time that the Berlusconis were seeking new investment in a team that is struggling in mid-table in Serie A.

Italian football has been hit hard by hooliganism and match-fixing scandals and has not seen the kind of heavy foreign investment that clubs in England and France have enjoyed.

However, there are signs that could be changing.

Indonesian business tycoon Erick Thohir and partners bought a majority stake in Milan's city rivals Inter last November in a deal that reportedly valued the club at about €350 million (NZ$563 million).

Fellow Italian club AS Roma is controlled by an American investment group.

After buying AC Milan, Berlusconi quickly turned them into the top team in Italy and Europe, winning Serie A in 1988 and the European Cup, the forerunner to the Champions League, in the following two seasons.

Milan's success helped Berlusconi build his profile and launch into politics in the 1990s with a party with the football-inspired name "Forza Italia" (Go Italy).

Milan have not won Serie A since 2011 and have seen some of their best players depart in recent seasons, showing how the balance of financial power in European football has swung away from Italy.

Ad Feedback

- Reuters

Special offers
Opinion poll

Who will win this year's Champions League?

Ajax

Anderlecht

APOEL

Arsenal

Athletic Bilbao

Atletico Madrid

Barcelona

Basel

BATE Borisov

Bayer Leverkusen

Bayern Munich

Benfica

Borussia Dortmund

Chelsea

CSKA Moscow

Galatasaray

Juventus

Liverpool

Ludogorets

Malmo

Manchester City

Maribor

Monaco

Olympiacos

Paris St-Germain

Porto

Real Madrid

Roma

Schalke 04

Shaktar Donetsk

Sporting CP

Zenit St Petersburg

Vote Result

Featured Promotions

Sponsored Content