Apr 29

China’s Most Innovative Capital Outflow Yet: Buying Legendary Italian Football Club AC Milan:

Today, we find the latest, and perhaps most innovative attempt to circumvent capital controls yet when a group of Chinese investors has offered to buy AC Milan football club, one of former Italian prime minister Silvio Berlusconi’s most cherished assets. The offer values the club at around 700 million euros including debt, one of the sources said.

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