Report: Milan Poised For Takeover By Billionaire Ruler Of Dubai

The rumours that Milan were trying to sell stakes in the club first emerged in February, when it was alleged that Sheikh Mansour Bin Zayed Al Nahyan, the owner of Premier League side Manchester City, had started negotiations with the Rossoneri.

The club immediately rubbished the speculation, but La Gazzetta dello Sport today suggests president Silvio Berlusconi has now agreed to sell shares to Mohammed bin Rashid Al Maktoum, the Prime Minister of the United Arab Emirates and the Emir of Dubai.

It is claimed that Al Maktoum will pay around €500 million to take a 35 per cent stake in the Rossoneri.