Rossoneri not on the market according to statement issued on Wednesday night.
AC Milan’s holding company Fininvest have dismissed speculation that owner Silvio Berlusconi is looking to sell the club after reports emerged on Wednesday.
According to Bloomberg, Berlusconi was weighing up a possible sale of the Rossoneri as they claimed that Lazard Ltd. had sent marketing documents to potential buyers, although the three people involved in discussions asked not to be identified.
However, Fininvest moved quickly to dismiss the report as they insist that the former Italian prime minister has no desire to sell the club that he took ownership of back in 1986.
“Despite the numerous denials, rumours about the possible sale of Milan have come back into circulation,” the statement read, as reported by Football Italia.
“Fininvest reiterates once again that these hypotheses are totally without foundation.”
Meanwhile, La Gazzetta dello Sport have reported that while Berlusconi is reluctant to sell, he may well have to consider his options concerning his other assets under the Fininvest umbrella which include Mediaset and publishing company Arnoldo Mondadori.
There has been no response from the Milan owner or anyone speaking on his behalf regarding this report, but with regards to the club it has previously been reported that Berlusconi would consider outside investment as they have struggled financially to compete with their rivals in recent years.
Milan are understood to be valued at $945m by Forbes Magazine, making them the most expensive club in Italy while they are the sixth most valuable club in the world.
Nevertheless, with rivals such as AS Roma and Inter Milan benefiting from increased investment after sales, there are suggestions that Milan will follow down them down a similar path as they look to construct their own stadium and continue to strengthen the squad after appointing Clarence Seedorf as their new coach earlier this year.