Thailand in Focus :: Thai businessman confirms AC Milan deal

10/06/2015
Thai businessman Bee Taechaubol said a deal that could see him purchase 48 percent of AC Milan would be completed within "two months" but hit out at a series of "fabrications and suppositions" in the Italian media. Under any deal, Berlusconi would retain 52 percent of the club while Bee, the executive director of a southeast Asian private equity group, would hold 48 percent after paying an estimated €480 million ($533 million) for his stake, said a statement.

In a reportedly official statement on www.gazzetta.it, Bee said the deal, after months of negotiations, would finally go through after "two months of hard work".

He added that it was "a success for president Berlusconi and Milan, whose brand, thanks to my entry into the club, can consolidate its position on the Asian market.

"The next two months will be dedicated to working on the deal, and we will make no comment.

Credit and view full story at TheLocal.it


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