Thai group bids €1b for Milan stake

2015-02-16 14:03
Silvio Berlusconi (File)

Bangkok - A Thai businessman has offered former Italian Prime Minister Silvio Berlusconi €1 billion for a controlling stake in AC Milan, local 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 soccer 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 by Reuters.

One of Italian soccer's most prestigious names, Milan have struggled since winning the last of their Serie A titles in 2011.

The club, who employed four different head coaches last year, are 11th in the 20-team standings following a 1-1 draw with Empoli on Sunday. They trail leaders Juventus by 24 points with 15 games to go.

Despite the on-field issues, the club was ranked the 10th richest in world football by Deloitte last month with revenue of $250 million for the 2013-14 season.

If a deal is concluded Milan would follow their great rivals in being bought by south east Asian investors after Indonesian Erick Thohir headed a group which acquired a 70 percent stake in Inter Milan in 2013.

Read more on:    ac milan  |  serie a  |  silvio berlusconi  |  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
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Love 2 Meet
English Premiership flutter

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

Sport24 on Twitter

Follow Sport24 news on Twitter


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

Who will emerge victorious in this season's Champions League?

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.