Milan may be sold to a billionaire from Saudi Arabia

Milan, that has recently been sold to the Chinese businessmen, may change its owners again.

A billionaire from Saudi Arabia, sheik Fawaz Alhokair, is interested in purchasing the Italian club,  Telelombardia informs. His company  Fawaz Abdulaziz Alhokair Group is engaged in building business and the financial condition of the sheik is estimated at 1.23 billion euros.

Now his company is working in the suburbs of Milan, where Rossoneri are going to build a new stadium.

At the moment the club is going through hard times. The team is on the 11th place after 24 rounds in the Championship of Italy in this season.

Let’s recall that in the summer an ex-president of Milan Silvio Berlusconi sold the club to the Chinese consortium headed by Jonhong Lee, which appeared to be insolvent according to mass media.

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