Economy / Entertainment / Sport

Italian Premier League at risk of Asian sack

After the sale of Inter Milan to the Indonesian tycoon Erick Thohir, Silvio Berlusconi is in negotiations with Asian investors to sell AC Milan; the details were not disclosed, and the outcome is far from certain.

However it is well known that the Italian professional football teams are not generating any revenue for their owners, who keep them just for the sake of prestige (and its political benefits, in the case of Mr Berlusconi).

For this very reason, it is unlikely that the Italian professional football will became a foreign colony. Investors will probably target only the most prestigious teams like Inter Milan and AC Milan (Juventus F.C. is not on the market for the time being), which can be turned into cash cows by going global and boosting advertising and merchandising.

What about the smaller teams? Well, they have every reason for being worried. One of them, Parma F.C., has already been put under the management of the Bankruptcy Court.


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