Sports AC Milan Sold to Chinese Investors for £628m

Football club AC milan has been sold to Chinese investors Rossoneri Sport Investment Lux for £628m (740m euro). 

AC Milan was formerly owned by Italian Prime Minister Silvio Berlusconi who bought the Serie A club in 1986. 

AC Milan has eight league titles and five European Cups under its belt. 

However, Milan have not won Serie A since 2011 and finished seventh, 10th and eighth in the last three seasons.

They are currently sixth in the league, 20 points behind leaders Juventus.