AC Milan seek foreign investors
AC Milan could be open to investors from the Middle East as well as Russia, according to reports in Italy.
Rossoneri director Barbara Berlusconi recently admitted that the team, which has previously refused any influx of foreign funds will be looking to find interested parties as they look to revamp the club and proceed forward with plans to construct a new stadium.
As per the Corriere della Sera, the bids for between 20 and 30 percent of shares in the club would probably come from Russia and the UAE, both regions where individuals have expressed interest in becoming involved financially.
The newspaper also claims that president Silvio Berlusconi’s impending visit to the UAE in the upcoming week to begin discussions regarding Milan’s sponsorship deal with Fly Emirates could also include meetings with interested parties looking to acquire shares in the club.
Additionally, Russia is mentioned as another likely source due to the former Prime Minister’s political connections. Natural gas conglomerate Gazprom is being mooted as a possible financial contributor, as they are also sponsors of several teams including Schalke and Chelsea as well as own Russian Premier League outfit Zenit St. Petersburg.
Follow Michelle Bonsu on Twitter: @MichelleB289