After almost two years of negotiations, the €740 million sale of AC Milan to Rossoneri Sport Investment Lux, led by Chinese businessmen Yonghong Li and Han Li, has been finalised.

Former Italian Prime Minister Silvio Berlusconi, who had been in control of the club for over 30 years, is no longer at the helm of the Serie A side.

"Today Fininvest has completed the sale of the entire stake owned in AC Milan -- equal to 99.93% -- to Rossoneri Sport Investment Lux," read a statement on the club's official website.

"The closing is the last step of the purchase agreement signed on August 5th 2016 and renewed on March 24th by Fininvest CEO Danilo Pellegrino and David Han Li, as a representative of Rossoneri Sport Investment Lux.

"The terms of the agreement are the same disclosed in August and reflect of an aggregate evaluation of AC Milan equal to €740m, which includes the club's indebtedness, equal to €220m as of June 30th 2016. A €90 million refund for AC Milan's running costs anticipated by Fininvest from July 1st 2016 hitherto add up to the evaluation.

Click to read more: http://www.footballmole.com/2017/04/ac-milan-sold-to-chinese-investors-for.html

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ftc.... 7 pogba and one harzard

soon, all the top European clubs would be owned by either Russian, Chinese or middle eastern billionaires