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Chinese Retail Giant Suning Commerce Acquires Inter Milan for 270 Million Euros

Jun 06, 2016 06:01 PM EDT

Chinese retail giant Suning Commerce Group has bought a nearly 70 percent stake in Italian soccer giant Inter Milan for an estimated 270 million euros ($307 million). This is the most high-profile takeover of a European football club by a Chinese company till date.

Italian Club AC Milan to be Acquired by Chinese Consortium

Girish Shetti |

May 28, 2016 05:56 PM EDT

A leading Chinese consortium has agreed to acquire a 70 percent stake in Italian football club, AC Milan. Speculations have been already rife for over a month that a Chinese consortium is closing in on a takeover of AC Milan, which is owned by former Italian Prime Minister Silvio Berlusconi.