Silvio Berlusconi finally managed to sell his soccer team AC Milan, Italy’s most successful club at the international level.

After an eight-month delay, Berlusconi’s investment company Fininvest SpA concluded a 740 million-euro ($788 million) deal with Chinese investors, according to a statement Thursday.

Billionaire Paul Singer’s hedge fund manager Elliott Advisors UK Ltd agreed to provide 303 million euros of financing, according to people familiar with the matter.

Read more about how the deal went down... http://independent.ng/ac-milan-sold-to-chinese-consortium-as-silvio-berlusconis-reign-ends/