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Berlusconi: Milan will rise under new owners

Related Topics: Silvio Berlusconi, Milan, A.C. Milan

The Chinese consortium buying AC Milan will lead the club back to greatness, says outgoing president Silvio Berlusconi.

Silvio Berlusconi has told fans of AC Milan that the group acquiring his majority stake in the club has the "resources and the will" to make the Rossoneri one of the world's best teams once again.

Chinese consortium Sino-Europe Sports Investment Management Changxing has agreed to purchase Berlusconi's 93.93 percent stake in the San Siro club, and the group has committed to investing 350 million euros ($390M) in the team over the next three seasons.

Berlusconi, who saved Milan from bankruptcy when he acquired the club in February 1986, delivered five European Cups among 28 trophies during his 30 years in charge and he posted an emotional farewell message to the team's supporters on Facebook.