Milan chief Silvio Berlusconi is ready to sell 30 per cent of the club to the Qatar Investment Authority, reports the Gazzetta dello Sport.
The Italian giants are not the financial force that they once were as illustrated by their decision to sell Zlatan Ibrahimovic and Thiago Silva to Paris Saint-Germain in the summer.
In an effort to boost funds, Berlusconi is apparently willing to sacrifice a stake in his club to get them competing at the highest levels again.
The report suggests that the deal could see €250m injected into the Diavolo, which would go on strengthening the squad and patching up the Stadio Giuseppe Meazza.
The deal could also include some sort of agreement between Berlusconi’s Mediaset media network and Al Jazeera.
Meanwhile, the Corriere dello Sport is suggesting that Milan could consider selling a share of the club to an interested party in Russia.
Milan are eleventh in Serie A after collecting just seven points from the 21 on offer so far.