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AC Milan to sell stake to Qatar
Published in The Saudi Gazette on 13 - 10 - 2012

MILAN — AC Milan President Silvio Berlusconi is reportedly considering selling a 30 percent stake in the club to the Qatar Investment Authority.
The Gazzetta dello Sport says the deal could be worth €250 million ($323 million), and would facilitate the building of a new stadium or the refurbishment of the San Siro.
“Milan of Arabia” read the headline of the sports daily with a photo of Berlusconi wearing a red and white checkered headdress.
The deal could also include aspects involving Berlusconi's media empire and the Qatari-run Al-Jazeera network.
The Qatar Investment Authority is Qatar's sovereign wealth fund.
Struggling to get in line with UEFA's new financial fair play rules, Milan let a full squad's worth of players depart over the offseason, highlighted by the moves of Zlatan Ibrahimovic and Thiago Silva to Paris Saint-Germain, which is majority owned by Qataris.
In August, Chinese investors bought a stake in Inter Milan.
Uruguay angry at FIFA
Uruguay lashed out at FIFA vice president Jim Boyce Thursday, claiming the official's criticism of Liverpool striker Luis Suarez, who is at the center of a diving storm, was “unacceptable”.
Boyce was reported to have described Suarez's theatrical tumble against Stoke in the Premier League as “cheating”, adding that the tendency for players to easily fall to the ground was a “cancer” in the game.
But the Uruguay Football Association (UFA) has written to FIFA president Sepp Blatter, claiming that Suarez has been unfairly singled out by Boyce.
They want the official to face a FIFA ethics hearing. — Agencies


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