Chinese entrepreneurs have made deals with the NBA, FIFA and AC Milan, and now own Wilson Sporting Goods and the Louisville Slugger.
Inter Milan fans display the grass snake that represents their team at the May 17, 2009 Derby della Madonna. Chinese appliance maker Suning bought a majority stake in Inter Milan for around $300 million in 2016. Credit: Oscar Federico Bodini from Milan, Italy, Creative Commons
Milan, the birthplace of Dolce and Gabbana and Alfa Romeo, is a quintessentially Italian city. But in recent years, if you attended the storied Derby della Madonnina, the match where the city’s soccer rivals face off, one thing might have stood out: each team has had Chinese investors.
In 2016, the Chinese appliance giant Suning bought a majority stake in Inter Milan — one of the most storied names in Italian soccer — for close to $300 million. A year later, Chinese investors spent more
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