News for '-yonghong-li'

AC Milan to be sold by December: Reports

The deal to sell top-flight Italian soccer team AC Milan to a consortium of Chinese investors will be completed at the beginning of December or even earlier, two sources told Reuters on Friday. In August former Prime Minister Silvio Berlusconi signed a preliminary agreement valuing the club at 740 million euros ($822 million), including 220 million euros of debt. The deadline for completing the deal had been originally set for the end of this year.