‘Milan sale talk without foundation’

Milan’s holding company Fininvest has denied speculation that Silvio Berlusconi is looking to sell the Rossoneri.

Milan’s holding company Fininvest has denied speculation that Silvio Berlusconi is looking to sell the Rossoneri.

Bloomberg broke yesterday evening the story that the Berlusconi family, who have held ownership of the club since 1986, had appointed Lazard Ltd to oversee a potential sale.

Whilst reports have been that Lazard Ltd have already sent out relevant information to prospective purchasers for the club last valued at €688m, Milan’s holding company Fininvest have issued a denial.

“Despite the numerous denials, rumours about the possible sale of Milan have come back into circulation,” the statement issued late last night says.

“Fininvest reiterates once again that these hypotheses are totally without foundation.”

The Gazzetta dello Sport suggest that Silvio Berlusconi is also reluctant to sell Milan, which has prompted Fininvest to look to a possible sale of another asset from under their umbrella. The company own Mediaset and publishing company Arnoldo Mondadori too.