Following similar acquisitions in England and elsewhere, Chinese investors now own both legendary teams in Milan – Inter and AC Milan. Last Friday Bloomberg reported that the initial contract was signed and the deal is expected to be completed by the end of 2016.

Despite their iconic status, both teams have feel on hard times in recent years. Serie A is very popular in China and with this influx of money, the league has a new chance to return to its former glory. We have seen this happening in England and there is a reason to believe that the same can easily happen in Italy. As an AC Milan and Italy fan, I am excited.