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Reuters
Reuters
Business

Italian prosecutors investigating sale of AC Milan - source

Silvio Berlusconi gestures as he speaks during a pre-election gathering in Milan, Italy February 25, 2018. REUTERS/Massimo Pinca

MILAN (Reuters) - Italian prosecutors have opened an investigation into last year's sale of AC Milan soccer club by Silvio Berlusconi's holding company to a Chinese group, a judicial source said on Wednesday.

Prosecutors have opened a preliminary investigation without citing any specific crime or suspect, the source said.

Parties involved in the sale were not available to comment.

AC Milan logo is seen at the San Siro stadium during the match against Udinese in Milan, September 10, 2016. REUTERS/Stefano Rellandini

Berlusconi, who served four times as prime minister, sold the club in April 2017 for 740 million euros (£645.6 million) and stepped down from his role as president which he had held from more than 30 years.

In January a report by Italy's finance police pointed to potentially suspicious element in the transaction, sources said.

(Reporting by Manuela D'Alessandro; writing by Francesca Landini; editing by Emilio Parodi)

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