The Milan prosecutor’s office has opened an investigation into the sale of AC Milan from Silvio Berlusconi’s Fininvest company to Li Yonghong last April, ANSA and Reuters report.
No individuals are as yet named as suspects in what is currently a preliminary investigation based on suspicious movements of funds picked up by Italy’s Guardia di Finanza — Financial Guard — regarding the sale.
Three suspicious transactions have been passed on by the Bankitalia to the Guardia di Finanza related to the sale of the Serie A club.
Li Yonghong paid a total of 740 million to acquire a majority stake in AC Milan, with the payment made over several instalments and with the backing of substantial loans, reported to cover at leas…
Read the full article at: http://www.espn.in/football/ac-milan/story/3427822/ac-milan-sale-to-li-yonghong-probed-by-italian-prosecutors-reports
