SILVIO BERLUSCONI has again denied reports that he’s looking to hand over the red and black club to another hands.
The Italian media reported yesterday that the Singapore billionaire Peter Lim has submitted a €500m offer for the majority stake of Milan but the rumours were later quashed by the holding company Fininvest, which is owned by Silvio Berlusconi.
Berlusconi was the guest on the talk show ‘Porta a Porta’ in the episode that aired on Thursday evening and he discussed the sale talks and reiterated that he has no intention of selling Milan – certainly not for the price that appeared in the papers.
“Milan is not for sale and is worth a lot more than €500m,” Berlusconi, who made his first TV appearance in 14 months, told the host of Porta a Porta, Bruno Vespa. “Let us not joke around here, as certain things are sacred.” Barbara Berlusconi said that 30% of Milan is worth around €300 mil which means that the Berlusconi family has a €1 billion price-tag on the club.
Forbes estimates that Milan is worth around €745m but Milannews.it states that the Rossoneri have a debt of €256m. It’s possible that Milan will use foreign investors to finance the project of the new stadium so Silvio might sell small shares.