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Berlusconi set to sell ACMilan major share

dpadpa 4/05/2016

Former Italian prime minister Silvio Berlusconi appears to be considering selling his controlling share of soccer club AC Milan.

AC Milan owner Silvio Berlusconi appeared to be considering the sale of a controlling share of the club to a group of Chinese investors, which would end his 30-year tenure at the Rossoneri, local media reported on Wednesday.

Due diligence to establish the club's worth was expected to begin this week as large numbers of fans called on Berlusconi to step aside.

The hashtag #SilvioVendi (SilvioSell) is said to have appeared about 300,000 times in recent days on Twitter.

Jack Ma, the owner of China's thriving e-commerce company Alibaba Group, is said to be part of a pool of entrepreneurs willing to acquire control of the club.

Their mooted initial offer of 300 million euros ($A460.9 million) is believed enough to give them control.

Ma is already a shareholder of China's football powerhouse Guangzhou Evergrande.

Milan are one of Italy's most-successful clubs, with 18 home titles and seven European Cup/Champions Leagues. Former Italian prime minister Berlusconi took over the club in 1986, lifting eight national and five continental trophies.

The club, however, have struggled in the just-completed season, with five coaches taking turns in the past three campaigns. Former team midfielder Cristian Brocchi replaced Sinisa Mihajlovic in mid-April.

They are battling to access the Europa League with two games remaining in the Italian Serie A.

Sassuolo leapfrogged them into sixth place last weekend, occupying the last available berth.

The Devils could still qualify by winning the Italian Cup final on May 21 against trophy holders and league champions Juventus.

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