By Andy Sambidge
Report suggests owner Silvio Berlusconi is poised to sell club to emir of Qatar
Qatar's emir was linked again on Tuesday with a deal to buy Serie A's AC Milan despite denials by the Italian football club earlier this month.
Football website Goal.com said AC Milan owner Silvio Berlusconi was ready to sell the club to Sheikh Hamad bin Khalifa Al Thani.
It did not say where the information was sourced from or any details of negotiations.
It said the former Champions League winners are being plagued by financial problems and were forced to cash in on star players Zlatan Ibrahimovic and Thiago Silva in the summer transfer window.
Goal.com said that Berlusconi's priorities currently lay elsewhere after the former Italian prime minister was recently sentenced to 12 months in prison for his part in a tax fraud scandal.
It added that the emir of Qatar was sitting in pole position to purchase the Italian giants for a fee in the region of €500m.
Earlier this month, AC Milan said there were no plans to sell a stake in the club to the Qatar sovereign wealth fund or other investors.
Italy's leading sports newspaper Gazzetta dello Sport had reported that Silvio Berlusconi was considering selling a 30 percent stake to reinvigorate his team.
The report said talks with Qatar have become more frequent.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.