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Bee Taechaubol Reportedly In Italy To Wrap Purchase of 48% Stake In AC Milan

Thai businessman Bee Taechaubol "will reportedly land in Italy" on Wednesday and complete his purchase of 48% of AC Milan before Aug. 3, according to FOOTBALL ITALIA. Taechaubol "has been in negotiations with the Rossoneri for most of the summer and appears close" to finalizing a deal. Representatives of Taechaubol and Fininvest, Silvio Berlusconi’s financial holding company, "met over the last few days to iron out final details." The agreement is believed to be for Taechaubol to pay around €485M ($536M) for 48% of the Rossoneri, with Berlusconi "retaining the majority stake." The deal "should be complete by next Monday" (FOOTBALL ITALIA, 7/28).

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