Menu
Finance

AC Milan President Yet To Complete Deal To Sell 48% Of Club To Thai Investor

AC Milan President Silvio Berlusconi has "yet to conclude a deal" to sell 48% of the club to Thai investor Bee Taechaubol, according to Ben Gladwell of ESPN. Bee, "originally expected to have completed his purchase" by Wednesday, held talks with Berlusconi in Milan this week and "spent eight hours in negotiations on Wednesday." La Gazzetta dello Sport reported that Bee had requested an extension to the Wednesday deadline for the €480M ($537M) deal, which was first mooted in January. A statement from Berlusconi's Fininvest -- officially the club's holding company -- said that "technical aspects" were being finalized. Berlusconi will remain as club president, and will retain the remaining 52% of shares, with Bee replacing Barbara Berlusconi as VP (ESPN, 10/1).

ADDITIONAL SECTIONS
PODCASTS

SBJ Morning Buzzcast: May 17, 2024

Brazil's big win; Leonsis looks for scale; breaking down the big categories for Sports Business Awards and remembering Eddie Gossage

NASCAR’s Brian Herbst, NFL Schedule Release, Caitlin Clark Effect

On this week’s pod, SBJ’s Austin Karp chats with our Big Get, NASCAR SVP/Media and Productions Brian Herbst. The pair talk ahead of All-Star Weekend about how the sanctioning body’s media landscape has shaped up. The Poynter Institute’s Tom Jones drops in to share who’s up and who’s down in sports media. Also on the show, David Cushnan of our sister outlet Leaders in Sport talks about how things are going across the pond. Later in the show, SBJ media writer Mollie Cahillane shares the latest from the network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.
SBJ TV

Sports Media Podcast April 24 Whos Up Whos Down

4 mins

Sports Media Podcast April 17 2024 The Big Get Molly Solomon

5 mins

Sports Media Podcast March 27 2024

29 mins

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2015/10/02/Finance/AC-Milan.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2015/10/02/Finance/AC-Milan.aspx

CLOSE
You have 0 articles remaining this month.

Register for a free SBJ account to unlock one extra article per month.

© 2024 Leaders Group. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Leaders Group.