Chinese consortium clinches AC Milan in extra time

As the M&A deal closes, specialists wonder whether the new buyers have scored an own goal and what difficulties lie ahead for Chinese investments in European football.

The largest ever Chinese-backed M&A transaction in the European football sector is scheduled to close today (Thursday) as a Chinese-led consortium purchases Associazione Calcio Milan, otherwise known as AC Milan, for €750 million ($799 million) including debt.

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