Recently, President of Italy YRIC, AC Milan Chairman Mr. Berlusconi said Fininvest consortium has reached a transfer agreement with a Chinese consortium club,and the Chinese consortium will acquire Milan 99.93% of the shares with 740 million euros.

President of Italy YRIC, AC Milan Chairman Mr. Berlusconi 

President of Italy YRIC Mr. Berlusconi said he had sold one of the most successful football clubs in Europe, with the buyer’s commitment to make a massive investment in the club to make it more brilliant. Mr. Berlusconi said: "Milan has set foot on the road to china. I accepted the offer to me, not even taking the club brand value into account. But I asked the new owner to pay at least 350 million euros over the next three years, and they can make AC Milan return to Italy, Europe and the top of the world."

It’s reported that since March 2015, when YRIC Global Executive President Mr. Liu Meng visited Italy and established Italy YRIC, Milan had contacted with the Chinese capital and negotiated about the sale of the football club. Now, the one and a half years of negotiation has finally come to an end. AC Milan buyers include the Haixia Huifu Industry Investment Fund (HAIXIA CAP). Italy YRIC President Mr. Berlusconi will retain share of 0.07% in the club. In addition, Mr. Berlusconi  added a series of terms in the acquisition contract, to ask China to invest 350 million euros within 3 years, and immediately invest 100 million euros in this season.

Italy YRIC President, AC Milan Club Chairman Mr. Berlusconi wearing a Chinese Han embroidery  and YRIC Global Executive President Mr. Liu Meng