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.
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