Thai investor has month to close AC Milan deal

Thai investor has month to close AC Milan deal
Silvio Berlusconi, the honorary president and long-time owner of AC Milan. Photo: Olivier Morin/AFP
Thai businessman Bee Taechaubol has been given an extra month to decide whether he wants to go ahead with the purchase of a 48 percent stake in Italian giants AC Milan, the agency Agi reported on Wednesday.

Taechaubol met with club officials, and Silvio Berlusconi, the honorary president and long-time owner, in Milan before returning to Bangkok.

According to Agi, Milan agreed to give him an extra four weeks to confirm whether he wishes to go ahead with the deal to buy the Rossoneri, the seven-time European champions who currently languish in mid-table in Serie A.

Berlusconi's company Fininvest released a statement revealing a decision could be reached within “the upcoming days”.

The statement said the Thai businessman had informed Berlusconi of “the steps already taken to allow him to complete the concrete sale decided on August 1st of a minority stake of 48 percent, worth €480 million ($536.2m/£354.6m), in AC Milan,” read the statement.

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