Chinese investor might be interested in purchasing AC Milan


There are media reports in China that the CEO of Chinese search engine, Baidu might be interested in purchasing AC Milan.

Robin Li Yanhong, the CEO of the Chinese company, is currently in negotiations with the Italian club.
It is believed that the price will be around $792 million which represents a number of outstanding shares. If there are no other issues, the deal should be completed in 6-8 weeks. This will give the new owner plenty of time to make changes to the team ahead of the new season.

Chinese investors have been investing massively in football during recent times. Last year, a major media company invested around $400 million in Manchester City.

This news comes as a surprise especially when we know that the current AC Milan owner, Silvio Berlusconi said some weeks back that he is not going to sell his stake in the Italian club.

AC Milan is one of the most prestigious clubs in Italian football having won the SerieA 18 times. They have also won the Champions League 7 times with the latest coming in the 2006-2007 season. However the club has been in decline in recent years, and they have failed to replicate their past success. They have not managed to qualify for the Champions League for the last 3 seasons, and they are struggling to qualify for the Europa League this season. In fairness, the entire Serie A is in decline with most Italian clubs failing to perform on the European stage.

There is hope that with the Chinese investor pouring money in AC Milan, the club will be able to invest in a new stadium as well as new players to help them compete not only in Italy but also in the European scene.