Robin Li to buy Wolves as well as Milan?

Chinese billionaire Robin Li is reportedly in the process of purchasing both the English Championship side Wolverhampton Wanderers FC and the Italian giants AC Milan.

Silvio Berlusconi, who owns Milan, confirmed that he is set to sell the seven-time European champions to a consortium of Chinese investors for £338million.

“The choice I am making is an important one. I want to deliver AC Milan to people who can make the club a major force again not only in Italy but in Europe and the world." Berlusconi said.

Robin Li, CEO of Chinese search engine Baidu, is said to be leading the Chinese consortium which is buying a 70% stake in the Italian giants. At the same time, Li is also in talks to purchase the Championship club Wolves himself.

If the rumours are true, Wolves will become another club from the English Midlands to come into Chinese ownership after Tony Xia bought Aston Villa for £60 million in May.

Source: mirror.co.uk

Proofread by Sean O Diobhilin