Italy: Chinese investment fund buys 3rd division club AC Pavia
The Chinese investment fund Pingy Shanghai Investment bought AC Pavia, a professional club in Lega Pro (Italian third division), on 03/07/2014. The Zanchi family, the club's majority shareholder since July 2011, sold all of its shares (90.5%) to Xiandog Zhu (China), the president of Pingy Shanghai Investment, who became president of the club...
