Thai businessman offers Silvio Berlusconi one billion Euros for Milan stake

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By J Maslow

Berlusconi selling Milan?
Berlusconi selling Milan?

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

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