Sonny Wu behind AC Milan bid?

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