The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
The AC Milan logo is pictured on a pennant in a soccer store in downtown Milan, Italy April 29, 2015. REUTERS/Stefano Rellandini/File Photo TPX IMAGES OF THE DAY
Former Italian Prime Minister Silvio Berlusconi agreed on Friday to sell soccer team AC Milan to a consortium of Chinese investors, ending his three decades of ownership of the seven-times European champions.
Berlusconi's Fininvest family holding said it had signed a preliminary agreement valuing the club at 740 million euros ($818 million) including 220 million euros of debt.
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