Saturday January 13 2018
Milan money-laundering investigation?

According to La Stampa and Secolo XIX newspapers, Silvio Berlusconi is under investigation for money-laundering in the Milan sale to Yonghong Li.

The negotiations dragged on for months before the take-over was completed in April 2017.

The Rossoneri were deep in debt and the overall cost of the operation was €720m.

Today, both La Stampa and Secolo XIX newspapers claim that Milan were sold for €300m more than the club was actually worth.

An investigation has reportedly been opened into potential money-laundering from Berlusconi, his Fininvest group and Yonghong Li.

It’s bad timing for Berlusconi, who has just dived back into the political arena with his Forza Italia party.