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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
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