Silvio Berlusconi is ready to sell 30 percent of AC Milan to Qatar's ruling Al-Thani family, the Gazzetta dello sport newspaper reported Friday.
"Milan of Arabia" read the headline of the sports daily with a photo of Berlusconi wearing a red and white chequered headdress.
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The former Italian prime minister has owned AC Milan for the last 26 years but is willing to sell a third of the club for 250 million euros, Gazzetta said.
If the sale were to go ahead, it would be the latest foray into international sport for the Qataris, who recently bought out French Ligue 1 outfit Paris Saint-Germain.