The Chinese group led by Jack Ma is hoping to buy the San Siro club from former Italian Prime Minister, Silvio Berlusconi.
Jack Ma whose estimated worth stands at US$25billion, is the richest Chinese man. He is a part owner (with a higher percentage) of the famous Chinese Super League side Guangzhou Evergrande; he also owns the largest Chinese social network Weibo and a host of other businesses.
According to an online report: “The investment deal, which has been brokered by an Italian-American banking group, would see Ma and his co-investors buying 70% of the club immediately before completing a full takeover inside 12 months.
“The decision now rests with Berlusconi, who is expected to meet the prospective investors soon.”