It’s reported that sources close to Alibaba have denied the Chinese company plans to buy Milan.

Rumours have been gathering pace today that a Chinese consortium are preparing to buy the club from Silvio Berlusconi, in a deal potentially worth up to €1.2bn.

The Alibaba Group is one of the biggest companies in the world, and it was reported today that they were the ones behind the bid.

It’s reported that sources close to Alibaba have denied the Chinese company plans to buy Milan.

Rumours have been gathering pace today that a Chinese consortium are preparing to buy the club from Silvio Berlusconi, in a deal potentially worth up to €1.2bn.

The Alibaba Group is one of the biggest companies in the world, and it was reported today that they were the ones behind the bid.

However, Agenzia Giornalistica Italia [AGI] quotes sources close to the group as saying that Berlusconi “is not yet ready to give up his plaything”.

Founder Jack Ma is also reported to have said “I’ve already funded a club in China [Guangzhou Evergrande], what more would Milan give me?”

Bygaby

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