Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Sonny Wu, managing director of GSR Capital, is the main investor in the consortium which will take AC Milan out of the hands of Silvio Berlusconi and Fininvest, according to several media reports.
Previously it was said that Wu was looking to acquire a 60% share of the club, but now he is believed to be aiming for a total takeover, and has valued the club, including all its debt, at €750 million.
GSR Capital plans to meet with Berlusconi “to establish a partnership for global markets,” Wu said in an interview, declining to comment further.
The other major investors are Steven Zheng, a Chinese businessman involved in the solar power industry, and Nicholas Gancikoff, the adviser of the consortium who has led the negotiations.
According to an earlier report, the rumoured investor Robin Li, CEO of Chinese Internet company Baidu, denied that the firm was involved in a deal to buy the iconic Italian soccer team AC Milan.
Source: gazzettaworld
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Chinese Milan takeover still on hold
01 Dec 2016
Who will take the controlling stake in China Sports Industry Group?
12 Jan 2017
Tencent leads $226m investment in Douyu TV
17 Aug 2016
Milan's Weibo followers increased by 2,500 within 24hrs
07 Jul 2015
Banana Gaming completes RMB200m in Series B Financing
28 Sep 2017
More from Yutang Sports
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
SportAccord 2024 makes a memorable return to Birmingham
13 Apr 2024
SportAccord’s conversation with FEI President Ingmar De Vos: Equestrian sport’s road to Versailles
22 Apr 2024
SportAccord 2024 - MediaAccord is ‘rare opportunity’ to meet before Paris 2024
08 Mar 2024
Yutang Sports
loading...