Holding company Fininvest, which is owned by Silvio Berlusconi, began talks with Chinese investors for the sale of a stake in the club of "San Siro".
Without name the Chinese investors of Milan reported that the two sides have signed a "memorandum" which officially started negotiations.
According to the newspaper Gadzetta dello Sport talks between Milan and Chinese businessmen will continue 45 days. This is about the sale of 70% stake in the club, which will cost buyers 500m. Euros.
This is another attempt by Berlusconi to sell AC Milan. In recent years, the media tycoon in talks with various investors, but a deal was never reached.
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