NEWS
Thursday April 3 2014
Milan target Russia, UAE bids

The Corriere della Sera speculate that parties from Russia and the United Arab Emirates could be interested in investing in Milan.

Director Barbara Berlusconi conceded yesterday that the Rossoneri are looking for investment from such countries, as well as Asia, to help fund the club’s plans for the future, which include development of a new stadium.

On from stating that between 20 and 30 per cent shares would be given up in exchange, the Corriere della Sera suggest bids are most likely to come from Russia and the UAE.

It is alleged that Berlusconi’s trip out to the UAE next week to discuss the renewal of Fly Emirates’ sponsorship could also include initiating talks with potential new investors.

Meanwhile, it is also believed that club President Silvio Berlusconi will use his political connections to look to Russia for possible money, with natural gas giants Gazprom rumoured as likely to be interested in investment, for their other involvements in the game as Zenit St Petersburg’s owners and as sponsors to the Champions League, Chelsea and Schalke.

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