Berlusconi Family Could Sell 30 Percent Stake In Serie A Side AC Milan
The family of former Italian PM Silvio Berlusconi "is considering selling a stake of between 20 and 30 percent" in Serie A side AC Milan, the club he bought in '86, according to REUTERS. AC Milan co-CEO Barbara Berlusconi, Silvio's daughter, said that the family "was seeking partners and she would travel to the Middle East and later to the United States as part of the process." Rumors "have been circulating" that the Berlusconis "were seeking new investment in a team that is struggling in mid-table in Serie A." Italian football "has not seen the kind of heavy foreign investment that clubs in England and France have enjoyed." There are signs "that could be changing" (REUTERS, 4/2).