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Thai businessman buys 51 percent of AC Milan

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Thai businessman buys 51 percent of AC Milan
Bee Taechaubol will on Saturday purchase a controlling 51% stake in ailing Serie A giants AC Milan from club owner Silvio Berlusconi. Photo: Giuseppe Cacace/AFP
13:48 CEST+02:00
Bee Taechaubol will on Saturday purchase a controlling 51 percent stake in ailing Serie A giants AC Milan from club owner Silvio Berlusconi, Italian media report.
Berlusconi said yes to meeting Taechaubol at Arcore, Berlusconi's family home, the Gazzetta dello sport website announced on Friday.
 
Speculation over the seven-time European champions' sale has been rife with Bee emerging as the leading contender.
    
Various news outlets suggest the two men are now ready to shake hands on a deal worth an estimated  €500 million ($550,000).
    
Bee, the executive director of a south-east Asian private equity group, admitted interest in Milan in February.
    
Since former Italian Prime Minister Berlusconi bought AC Milan in 1986, the club has been crowned champions of Europe five times.
    
But they have fallen on hard times this campaign with the forecast deal coming at the end of a week which saw Milan humiliated 3-1 by Genoa, triggering speculation club legend Filippo Inzaghi will be sacked as coach.
    
The San Siro was almost deserted and those that were there jeered the team off at the final whistle as they lost at home to Genoa for the first time in 57 years.
    
That defeat left Milan mired in mid-table, trailing champions-elect Juventus by a massive 33 points.
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