Hong Kong-Based Investor Richard Lee Plans To Buy 70% Of AC Milan, Report Says

Richard Lee "has a four-year plan" to take over 70% of AC Milan, according to FOOTBALL ITALIA. The Rossoneri "are believed to be on the verge of being sold," with Thai investor Bee Taechaubol in Milan over the weekend, announcing a deal will be done within the next month. However, Hong Kong-based investor Richard Lee reportedly "is still keen on a bid of his own, and this morning’s Gazzetta dello Sport claims to have details of that offer." The Milan-based sports daily believes Lee "will initially seek to buy" between 30-40% of the Diavolo. Over the next four years, that holding would gradually rise to 70%, with current President Silvio Berlusconi "incrementally reducing his share" (FOOTBALL ITALIA, 5/5).