Jack Ma Denies Plans to Buy AC Milan
According to reports by Italian media, Jack Ma has offered 400 million euros (around USD 450 million) for a 70 percent stake in AC Milan
Highlights
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Jack Ma is the owner of Chinese e-commerce giant Alibaba
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According to reports Jack Ma has offered 400 million euros
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Jack Ma is also joint owner of Chinese football club Guangzhou Evergrande
Jack Ma, the owner of Chinese e-commerce giant Alibaba on Thursday, refuted reports that he is in talks with Italian Serie A football club AC Milan over a possible takeover.
According to reports by Italian media, Jack Ma has offered 400 million euros (around USD 450 million) for a 70 percent stake in AC Milan and its club owner Silvio Berlusconi is taking it seriously.
"Is AC Milan in the Italian city of Milan? I heard that Mike Tayson of the Lakers recently travelled to Milan, but I am not sure if it is AC Milan. Now Yao Ming will get in trouble," Ma wrote jocularly on Weibo, the Chinese version of Twitter, state-run Xinhua news agency reported.
Ma, who founded Alibaba in the 1990s, is also the joint owner of Chinese soccer club Guangzhou Evergrande.