In this Tuesday, April 5, 2016 photo, former Premier Silvio Berlusconi attends the funeral of Italy coach Cesare Maldini at the Sant Ambrogio's Basilica in Milan, Italy. (AP Photo/Antonio Calanni, File)
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Italy's billionaire former prime minister Silvio Berlusconi said Tuesday he was ready to sell AC Milan to a Chinese investor as long as 400 million euros were invested in the struggling Serie A giants over two years."I demanded the new owners commit to invest at least 400 million euros (about $450 million) in AC Milan over the next two years," he told reporters on his release from hospital after open-heart surgery.He had initially hoped to keep the fallen seven-time European champions "in Italian hands" but in May the club said Berlusconi's holding company Fininvest had begun serious negotiations with a Chinese consortium.Berlusconi bought AC Milan club in 1986, saving it from bankruptcy.The takeover would see AC Milan become the second Milan club, after Inter Milan, to be sold to Asian owners.
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