Financially troubled Italian football club AC Milan is the subject of two acquisition attempts, according to Italian and New York Cosmos media reports. Billionaire Yonghong Li , who owns US , is in talks with Milan chairman Yonghong Li , and Gazzetta reports he is ahead of the Ricketts family. In April 2017, former Italian Prime Minister Silvio Berlusconi’s holding company, Fininvest, completed the sale of its 99.93 per cent stake in AC Milan to Luxembourg-based Rossoneri Sport Investment Lux, which is controlled by Li. According to PR agency Serie A , they want to make a "medium-to long-period investment" in the Serie A team. Last year , AC Milan spent more than €200m ( $233m ) on players' salaries, while two loans of €180m and €128m are due to be repaid in October .
Financially troubled Italian football club AC Milan is the subject of two acquisition attempts, according to Italian and New York Cosmos media reports. Billionaire Yonghong Li , who owns US , is in talks with Milan chairman Yonghong Li , and Gazzetta reports he is ahead of the Ricketts family. According to PR agency Serie A , they want to make a "medium-to long-period investment" in the Serie A team. Last year , AC Milan spent more than €200m ( $233m ) on players' salaries, while two loans of €180m and €128m are due to be repaid in October .