Thai property tycoon Bee Taechaubol claims he is ready to buy 48% of AC Milan and provide €100M ($110.5M) “every year for transfers,” according to FOOTBALL ITALIA. Club President Silvio Berlusconi confirmed he has "decided to sell the club to Chinese investors and the paperwork is expected to be signed by July 15." Taechaubol had "shaken hands with Berlusconi" in '14 for a deal to sell 48% of the club, but "backed out when his investors disappeared." On the eve of the new ale, "he has suddenly reappeared." He said, "In all honesty, I never disappeared from these negotiations. Naturally, since the other consortium signed an exclusivity deal with Fininvest, I remained respectfully in the background, but from December 2014 my efforts to secure an agreement to buy part of AC Milan were never interrupted." While the Chinese group in talks to buy Milan "remain shrouded in secrecy," Taechaubol "lifted the lid on his backers." He said, "My investors are ZHJ Capital and Parantoux Capital, Chinese groups made up of big bankers and investors who work closely with the Chinese Minister of Finance" (FOOTBALL ITALIA, 7/10).
