
Thai businessman offers one billion Euros for Milan stake
AC Milan’s January signings Suso, Salvatore Bocchetti, Mattia Destro, Gabriel Paletta and Luca Antonelli (left to right) pose for a photo. Credit: PA
A Thai businessman has offered former Italian Prime Minister Silvio Berlusconi one billion euros ($1.14 billion) for a controlling stake in AC Milan, media reported on Monday.
The offer came from Bee Taechaubol, executive director of Thai Prime Company Limited, a south east Asian private equity group.
Bee is also a co-owner of the Global Legends Series (GLS) Bangkok that features veteran football players taking part in charity matches across the region.
The Bangkok Post reported that Bee wanted at least a 50 percent stake in the seven-times European champions but not complete ownership.
Bee was confident of completing a deal for the 18-times Italian champions within a month, the report added.
The businessman could not immediately be reached for comment.
One of Italian soccer’s most prestigious names, Milan have struggled in Serie A since winning the last of their titles in 2011.
— Agencies 2015-02-16