Silvio Berlusconi has explained that he sold AC Milan, to help the Italian club return to the summit of European football.
The 80-year-old’s holding company Fininvest, on Thursday, announced that an agreement had reached for the sale of a 99.9% stake of the club to Rossoneri Sport Investment Lux.
The Chinese consortium paid a total of €740million to acquire the Serie a team.
In an open letter to fans posted on the club’s official website, Berlusconi said: “After more than 30 years, I leave the position of president of AC Milan.




















