Chicago Cubs owners negotiating to buy AC Milan

first_imgThe Ricketts family that owns the Chicago Cubs says they are in talks to purchase the debt-ridden AC Milan soccer team.The Milan office of the Edelman public relations firm, which has been hired to represent the Ricketts, says the entire family is interested in Milan for ”a medium- to long-period investment” and wants to create ”a strong bond with the city,” report in Fox Sports claims for entertainment.The interest comes as seven-time European champion Milan faces UEFA sanctions over a breach of financial fair play regulations. Last year Milan spent more than 200 million euros on new players amid questions over the financial stability of the Chinese-led consortium that purchased the club from Silvio Berlusconi for $800 million in April 2017.Cristiano Ronaldo, JuventusSerie A Betting: Match-day 3 Stuart Heath – September 14, 2019 Considering there is a number of perfect starts so early in the Serie A season, as well as a few surprisingly not-so perfect ones….Serie A team Milan took a loan from U.S. private equity fund Elliott worth more than 300 million euros that club chairman Li Yonghong has struggled to pay back. Milan qualified for the Europa League next season but risks being excluded as part of the possible sanctions.The Ricketts family acquired a majority interest in the Cubs in 2009 and the team won the 2016 World Series under its guidance. The Gazzetta Dello Sport reports Saturday that there is also another American party – which it did not name – interested in purchasing Milanlast_img

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