Follow @dailyspotnews Instagram Sport News: Thai investor Taechaubol makes €1 billion Milan bid

Tuesday 17 February 2015

Thai investor Taechaubol makes €1 billion Milan bid

Thai investor Taechaubol makes €1 billion Milan bid
Fininvest denied on Monday that they had received any offers for the Serie A side, but the Thai investor has revealed he did table an offer

Thai investor Bee Taechaubol has tabled an offer worth close to €1 billion to acquire a majority stake in AC Milan.

Club president Silvio Berlusconi's holding company, Fininvest, stated on Monday they had held no talks with any potential investors and categorically denied they are ready to sell the club.

But, Taechaubol has claimed he made an official offer and even went on to predict that the deal could be completed as early as March.

"The reports are all true. I have presented an offer to acquire a majority stake in AC Milan," the Thai investor told Bangkok Post.

"My offer has an overall value of just under €1bn.

"The deal could come into effect by October. I'm now awaiting a response from Berlusconi. I am ready to close the deal by the end of the month."

Taechaubol then went on to stress that he has already outlined his plans to the Milan president and is confident of conquering the Asian market.

"I have presented a clear development project with a detailed plan for each major city in Asia. I am convinced the brand  'AC Milan' has a tremendous value in a market where we want to strengthen our position," he added to La Repubblica.

"My proposal is serious and solid. Talks with Berlusconi were very serene and quite pleasant."

Taechaubol would become the second Asian businessman to take charge of one of Serie A's top clubs after Indonesian investor Erick Thohir previously acquired Inter.

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