No Milan investigation

By Football Italia staff

The authorities have formally denied reports that Silvio Berlusconi is under investigation for money-laundering in Milan’s sale to Yonghong Li.

The reports emerged in both La Stampa and Il Secolo XIX newspapers this morning.

It was suggested the cost of the takeover in April was €720m, around €300m more than the club is actually worth.

However, today the chief prosecutor of the city of Milan, Francesco Greco, assured news agency Ansa that this was not true.

“There are no criminal proceedings as of today regarding the sale of AC Milan.

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