AC Milan owner Silvio Berlusconi is ready to sell the Serie A powerhouse to Sheikh Hamad bin Khalifa Al Thani, the ruling Emir of the State of Qatar, as he feels the time has come to say farewell to his beloved club, Goal.com understands.
The Rossoneri are being plagued by financial problems and were forced to cash in on star players Zlatan Ibrahimovic and Thiago Silva in the summer transfer window, while experienced servants such as Alessandro Nesta, Gennaro Gattuso and Clarence Seedorf were also waved goodbye in an attempt to lower wage costs.
Milan continue to struggle, though, and Berlusconi is unsure if he is the right man to help the San Siro side back on track, as his priorities currently lie elsewhere.
The former Italian Prime Minister was recently sentenced to 12 months in prison for his part in a tax fraud scandal, and his attempts to have the ruling overturned on appeal will take most of his time.
Therefore, he is ready to sell the club if a good offer comes in, and Hamad bin Khalifa Al Thani is sitting in pole position to purchase the Italian giants.
Berlusconi could be tempted to sell Milan for a fee in the region of €500 million.
Companies such as Gazprom and Ferrero have also been linked with Milan, but the Emir of Qatar seems to have the edge for now.