Report: AC Milan considers selling stake to Qatar


MILAN (AP) -AC Milan President Silvio Berlusconi is reportedly considering selling a 30 percent stake in the club to the Qatar Investment Authority.

The Gazzetta dello Sport says the deal could be worth ?250 million ($323 million), and would facilitate the building of a new stadium or the refurbishment of the San Siro.

The deal could also include aspects involving Berlusconi's media empire and the Qatari-run Al-Jazeera network.

The Qatar Investment Authority is Qatar's sovereign wealth fund.

Struggling to get in line with UEFA's new financial fair play rules, Milan let a full squad's worth of players depart over the offseason, highlighted by the moves of Zlatan Ibrahimovic and Thiago Silva to Paris Saint-Germain, which is majority owned by Qataris.

In August, Chinese investors bought a stake in Inter Milan.

Copyright 2016 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.

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