Chinese buyers set to finalise AC Milan deal March 3

Chinese buyers set to finalise AC Milan deal March 3

AC Milan's coach Sinisa Mihajlovic celebrates with his player Ignazio Abate after winning a match against Inter Milan. REUTERS/Alessandro Garofalo

The sale of prized Italian soccer team AC Milan to a group of Chinese investors is set to be finalised on March 3, two sources close to the matter said on Tuesday, in what would be the biggest Chinese investment in a European club. The deal, valuing the club at 740 million euros ($818 million) including 220 million euros of debt, was originally supposed to close at the end of last year but the Chinese buyers struggled to get final approval from Beijing.

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