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The ruler of Dubai is preparing an offer to purchase 40 percent of AC Milan for about 400 million euros, claim reports in an Italian newspaper.
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AC Milan's owner Fininvest SpA, the holding company of Prime Minister Silvio Berlusconi's family, could get the offer this week, MF business newspaper reported.
The bid from Sheikh Mohammed bin Rashid al-Maktoum could include an option to buy the rest of AC Milan in two years, it said.
Milan have denied any talks were under way. Asked in a television interview late on Monday about sale of the club, Berlusconi said, "You, like all other journalists, are completely divorced from reality."
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