Friday, June 26, 2009



Silvio Berlusconi’s business empire faces leaner times

WHEN Silvio Berlusconi, Italy’s prime minister, bought AC Milan, the football team he had supported as a boy, in 1986, it seemed a dream come true. But the team, for many years a force in European football, has had a disappointing run of late, failing to qualify for the 2008-09 Champions League of Europe’s leading clubs and finishing the season far behind the winner of Italy’s Serie A league.

Expensive but successful football clubs are one matter; costly also-rans, another. Last year AC Milan’s losses shot to €68m ($100m) from €32m in 2007, and Fininvest, the Berlusconi family’s holding company, which owns the club, has had to deny reports that it is selling its stake.


# posted by intcoex : 1:45 PM




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