By ROB HARRIS, AP Global Soccer Writer

A Bahrain-based private equity firm is in exclusive talks to buy seven-time European champions AC Milan and become the Italian league’s first investor in the Middle East, a person familiar with the process said. The Investcorp takeover could result in the Series A leader being sold for around €1 billion ($1.1 billion), the person told … Read more

Chicago Cubs owners dropped interest in buying Chelsea, leaving three remaining bids for the Premier League club’s forced sale by sanctioned Russian owner Roman Abramovich. The bid was spearheaded by Cubs chairman Tom Ricketts but faced opposition from Chelsea fans over anti-Islamic comments by his father Joe, which appeared in leaked emails three years ago. … Read more