Berlusconi ready to sell 48% of AC Milan

2015-06-05 20:14
(File, Shutterstock)

Milan - Former Italian prime minister Silvio Berlusconi is reportedly close to selling a 48% stake in AC Milan to a Thai investor.

The Gazzetta dello Sport reports that the deal with Bee Taechaubol would be worth 470m.

Bee was meeting Berlusconi, a month after previous negotiations that resulted in similar reports.

After last month's meeting, Fininvest, the holding company for Berlusconi's business interests, said a sale would see Berlusconi retaining control of the club.

Bee runs the Thai Prime private equity group.

Berlusconi has owned the 18-time Italian champions for almost 30 years, presiding over its most successful era with 28 trophies.

However, Milan's form has dipped in recent years, with the team finishing 10th in Serie A this season.

Read more on:    ac milan  |  italy  |  soccer


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...


The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs

After Stuart Baxter stepped down as Bafana Bafana head coach, who would you like to see take over?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.