Long-time "Milan" owner Silvio Berlusconi is stepping down from big football.
It is reported that a preliminary contract has already been signed for the sale of shares in the club to an investor group from China.
However, the deal will still need to be approved by the competition authorities of both countries and this process may take several months.
The team is valued at 740 million euros, but it will also be necessary to repay 220 million euros of debts. It is claimed that the Chinese will invest 350 million euros over the next three seasons.
This means that the end of the black and red Milan team's era is finally approaching.
The last trophies won by the black and red club were in 2011 when they triumphed in the "Serie A" championship.
In 2007, "Milan" won the Champions League tournament, having a total of 7 such titles to their name.
