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Thai businessman confirms AC Milan bid

BANGKOK — Thai businessman Bee Taechaubol of Country Group Development and rights owner of Global Legends Series (GLS) Bangkok confirmed today (Feb 16) he had made an offer of one billion euros (S$1.55 billion) to buy a majority holding in Italy’s AC Milan Football Club.

AC Milan's Keisuke Honda, right, and his teammate Jeremy Menez  challenge for the ball with Empoli’s Mario Rui Silva Duarte during a Serie A soccer match between AC Milan and Empoli, at the San Siro stadium in Milan, Italy, Sunday, Feb.15, 2015. Photo: AP

AC Milan's Keisuke Honda, right, and his teammate Jeremy Menez challenge for the ball with Empoli’s Mario Rui Silva Duarte during a Serie A soccer match between AC Milan and Empoli, at the San Siro stadium in Milan, Italy, Sunday, Feb.15, 2015. Photo: AP

BANGKOK — Thai businessman Bee Taechaubol of Country Group Development and rights owner of Global Legends Series (GLS) Bangkok confirmed today (Feb 16) he had made an offer of one billion euros (S$1.55 billion) to buy a majority holding in Italy’s AC Milan Football Club.

Mr Bee, executive director of Thai Prime Co, holder of the GLS football competition rights, confirmed his move in Bangkok this morning. He said he wanted to buy more than a 50 per cent stake in the football club, but not whole ownership.

He believed an agreement could be reached this month, according to reports in Thai media.

Mr Bee clarified his position after Italian media reported that an unnamed Thai investor had offered to buy AC Milan from Silvio Berlusconi for one billion euros.

The La Repubblica newspaper, reported that 30 per cent of the club’s shares had been sold for 300 million euros.

A statement was issued on Saturday from Berlusconi’s company, Fininvest. It said that no such deal had been concluded, but admitted negotiations were underway, according to a report in Eurosport. BANGKOK POST

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