Alibaba Founder Targets AC Milan Takeover
The founder of Alibaba and the richest man in China, Jack Ma is reportedly in talks to buy AC Milan from Silvio Berlusconi.
Jack Ma is in the forefront of a recent mega investment in football by Chinese tycoons and he already co-owns Chinese Super League side Guangzhou Evergrande. Ma has set up a consortium to buy 70% of the Rossoneri who have been underachieving in the Italian League this season.
With Ma worth an estimated $25 billion, an eventual purchase will easily make him one of the wealthiest men to own a football club.