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Enhance Your Career With PMP Certification Training Online Enhance Your Career With PMP Certification Training Online May 2 Emmitt Smith Jersey , 2014 | Author: Jaclyn Hurley | Posted in Marketing
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The managing director of private equity firm GSR Ventures Sonny Wu has signed a binding agreement with Silvio Berlusconi Cowboys Taco Charlton Jersey , the president of AC Milan, through a special purpose vehicle to take over the Italian soccer team, domestic news portal caixin reported on Saturday.

The Chinese businessman is valuing the club at about 750 million euros ($823 million) including 200 million euros in debt, Bloomberg reported on Wednesday Cowboys Sean Lee Jersey , citing an unidentified source.

Another Chinese businessman Steven Zheng and a European boutique investment bank specializing in sports business also helped in the deal, caixin said.

The report cited people familiar with the matter as saying that Wu will pay a deposit on the deal in the next step.

It is highly likely that Wu will seek domestic partners after acquiring AC Milan because running a club involves many ongoing expenses, said the report.

According to the source, Wu was near closing the deal after various consortiums that initially showed an interest in the club pulled out.

Those would-be investors included domestic institutions that realized AC Milan wouldn't be allowed to list in China Cowboys Cole Beasley Jersey , as the company's debt has been rising in recent years, said the report.

AC Milan reported a loss of 93.50 million euros in fiscal 2015, according to the company's financial statement. The company's losses totaled 270 million euros over the past five fiscal years, domestic news portal ifeng reported in April.

GSR Ventures was established in 2004 to invest in domestic high-tech start-ups that focus on the global market. caixin said.

The company manages $1 billion Cowboys Travis Frederick Jersey , according to the company.

Brook Lopez (No.11) of the Brooklyn Nets shoots against the Indiana Pacers on Saturday. Photo: CFP

The Brooklyn Nets -aren't letting a little thing like fatigue disrupt their late push for an unlikely NBA playoff berth.

Just 24 hours after their thrilling triple--overtime victory over the -Milwaukee Bucks, the Nets defeated the slumping Indiana Pacers 123-111 on Saturday.

The Nets (29-39) are currently out of playoff position at 11th in the Eastern Conference, but they moved within a game of the eighth-placed Celtics and will host Boston on Monday.

Indiana, who entered the game in a virtual tie with Boston for the eighth and final playoff spot in the East Cowboys Zack Martin Jersey , failed to pick up a game on the idle Celtics.

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