The family of Silvio Berlusconi, the former Italian premier, is considering selling a stake of between 20 and 30 per cent in AC Milan, the football club he bought in 1986 and took to the top of the European game.
The club’s co-chief executive, Barbara Berlusconi, a daughter of the media magnate, said yesterday the family is seeking partners and she would travel to the Middle East and later to the United States as part of the process.
Rumours have been circulating for some time that the Berlusconis were seeking new investment in a team that is struggling in mid-table of Serie A.
Italian football has been hit hard by hooliganism and match-fixing scandals and has not seen the kind of heavy foreign investment that clubs in England and France have enjoyed.
However, there are signs that could be changing.
The Indonesian business tycoon Erick Thohir and partners bought a majority stake in Milan’s city rivals Inter last November in a deal that reportedly valued the club at about €350 million (Dh1.77 billion). Roma, another Italian club, are controlled by an American investment group.
After buying AC Milan, Berlusconi quickly turned them into the top team in Italy and Europe, winning Serie A in 1988 and the European Cup, the forerunner to the Champions League, in the following two seasons.
Milan’s success helped Berlusconi build his profile and launch into politics in the 1990s with a party with the football-inspired name “Forza Italia” (Go Italy).
Milan have not won Serie A since 2011 and have seen some of their best players depart in recent seasons, showing how the balance of financial power in European football has swung away from Italy.
The specs
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Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
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On sale: Now
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
How to register as a donor
1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
2) There are about 11,000 patients in the country in need of organ transplants
3) People must be over 21. Emiratis and residents can register.
4) The campaign uses the hashtag #donate_hope
Company%20Profile
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Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
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SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
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Killing of Qassem Suleimani
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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Results
2-15pm: Commercial Bank Of Dubai – Conditions (TB) Dh100,000 (Dirt) 1,400m; Winner: Al Habash, Patrick Cosgrave (jockey), Bhupat Seemar (trainer)
2.45pm: Al Shafar Investment – Handicap (TB) Dh80,000 (D) 1,200m; Winner: Day Approach, Ray Dawson, Ahmad bin Harmash
3.15pm: Dubai Real estate Centre – Handicap (TB) Dh80,000 (D) 1,600m; Winner: Celtic Prince, Richard Mullen, Rashed Bouresly
3.45pm: Jebel Ali Sprint by ARM Holding – Listed (TB) Dh500,000 (D) 1,000m; Winner: Khuzaam, Pat Dobbs, Doug Watson
4.15pm: Shadwell – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Tenbury Wells, Royston Ffrench, Salem bin Ghadayer
4.45pm: Jebel Ali Stakes by ARM Holding – Listed (TB) Dh500,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson
5.15pm: Jebel Ali Racecourse – Handicap (TB) Dh76,000 (D) 1,950m; Winner: Rougher, Pat Dobbs, Doug Watson