What We're Reading

AC Milan Not for Sale, Owner Says

  • Goal.com, Thursday, April 24, 2014 1:19 PM

AC Milan is not for sale, Finivest, the company controlled by Milan chairman Silvio Berlusconi, said on Thursday. In recent weeks, rumors of a takeover by Singapore businessman Peter Lim had surfaced, with reports claiming that the billionaire investor offered 500 million euros ($691.4 million) for a majority stake of the San Siro club. Despite the rumors, a statement read: "With regard to rumors reported by the press, Fininvest again denies any possibility of transfer of control of Milan."

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