Italy

A Chinese group led by internet entrepreneur Robin Li has reportedly agreed a takeover deal for AC Milan, while the Italian Serie A football club’s great rival Inter Milan has outlined a five-year strategic plan following the formal closure of its takeover by Chinese conglomerate Suning Holdings Group.

The strength of Rome’s bid for the 2024 Olympic and Paralympic Games has been called into further question after the city’s new Mayor reiterated her opposition to the project.

Automobile Club d'Italia (ACI) president Angelo Sticchi Damiani has played down speculation that Formula One’s Italian Grand Prix could switch to Imola as it enters the final year of its contract at its long-time home in Monza.

Rome 2024 is facing fresh question marks over its bid for the Olympic and Paralympic Games after Virginia Raggi of the 5-Star Movement was yesterday (Sunday) elected as the new Mayor of the Italian capital.

The IMG agency has sealed a wide-ranging licensing deal with Juventus, the newly-crowned champion of Serie A, the top division of Italian football.

Public relations and marketing agency Ketchum has entered into a strategic partnership with the team bidding to bring the summer 2024 Olympic and Paralympic Games to Rome.

The governing council of the FIS, the global governing body of skiing, has announced the hosts of the 2020 Ski Flying World Championships and the 2021 Freestyle & Snowboard, Nordic and Alpine showpieces.

Chinese conglomerate Suning Holdings Group announced this (Monday) morning the completion of a deal to take over Inter Milan and set a target of restoring the status of the legendary Italian outfit to being one of the world’s top 10 football clubs.

The International University Sports Federation (FISU) has confirmed that Naples will be the new host of its 2019 summer Universiade following a positive vote on the Italian city’s candidature for the multi-sport event.

A group of Chinese investors has reportedly agreed a deal to acquire an initial 70 per cent stake in AC Milan, as the Italian Serie A football club’s president, Silvio Berlusconi, today (Friday) admitted he is ready to sell the team.

Cumulative losses at Italian Serie A football clubs more than doubled to a total of €379m ($424m) in the 2014-15 season, according to a new report commissioned by the Italian Football Federation that outlined a “worrying lack of liquidity” in the competition.

The Association of Tennis Professionals (ATP) has today added a new tournament in Turkey as part of a continued overhaul of the grass-court season, while the Italian Tennis Federation (FIT) has said it is keen to host a proposed new event that would act as a season-ending competition for male players under the age of 21.

The IPC Alpine Skiing division of the International Paralympic Committee has awarded its 2017 World Championships to the Italian commune of Tarvisio.

Japan is in contention to host the opening stages of the 2018 Giro d’Italia in a move that would see the cycling ‘Grand Tour’ commence outside Europe for the first time in its history, according to La Stampa.

Fininvest, the holding company for the business interests of former Italian Prime Minister Silvio Berlusconi, has today (Tuesday) said it has entered into exclusive negotiations with a Chinese group regarding investment in Serie A football club AC Milan.

AC Milan has reported a loss of €89.3m ($101.9m) for the 2015 financial year as takeover rumours continue to swirl around the embattled Italian Serie A football club.