Silvio Berlusconi bids farewell to the Ac.Milan fans

It seems like Ac.Milan is only a few a few months away from experiencing a change in ownership as Silvio Berlusconi has signed a preliminary agreement to sell the Italian club to a Chinese consortium.

This transfer will be seeing a relocation of 99.93% of shares from Fininvest to Sino-Europe Sports which is expected to be officially completed by November 4.

The deal is valued at around €740 million with the new owner Yonghong Li already reportedly agreeing to clear all the debt of the club which is at €220 million and also expected to invest €350 million to Ac.Milan.

Silvio Berlusconi became a saving grace for Ac.Milan back in February of 1986 as he acquired the club and saved it from bankruptcy and the entrepreneur went on to invest a hefty amount of money in order to sign players, clear the debt, get managers, staff members and just about everything that the club needed at that time.

The investment that was made by Berlusconi paid it’s dividends as Ac.Milan went on to win a number of titles and the squad during the season of 1978-1988 is even considered to be as one of the absolute best teams in the history of the sport as the team had top players such as: Ruud Gullit, Marco van Baste, Frank Rijkaard, Paolo Maldini, Franco Baresi, Alessandro Costacurta and Roberto Donadoni.

This team has even been compared to the Barcelona squad of Pep Guardiola which was being guided by Lionel Messi, Andres Iniesta and Xavi Hernandez.

Berlusconi has stopped splashing out cash in the past few years and now he had opted to sell the club. There is a group of fans of the club that are fairly happy to see a new group of investors taking control of the team as it might be what Ac.Milan needs in order to be considered as one of the best clubs in Europe.

Even though Berlusconi cancelled his cash injection to Ac.Milan, he did voice his love for the club as he bid his farewell to the supporters of the club as the Italian entrepreneur said: “Thirty years ago I bought Milan as an act of love. I’m selling for an act of even greater love: I’m entrusting the team to a group which has the necessary resources and the will to invest to bring Milan back to competing with the big international clubs.