China hits double-salvo with AC Milan deal

Chinese consortium including state-owned SDIC paid $820 million for the Italian soccer club in the largest-ever Chinese investment into European football.

Danny Leung

August 07, 2016

A Chinese consortium including State Development & Investment Corporation (SDIC) clinched a preliminary agreement to buy nearly all of Italian soccer heavyweight AC Milan late on Friday, just hours after private investor Guochuan Lai sealed a deal to take over British football club West Bromwich Albion.

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