Bee Taechaubol “intends to buy the majority share of Milan immediately,” confirmed a spokesman.
The Thai investor will fly in on Sunday to complete the takeover from President Silvio Berlusconi.
It had until now been reported ‘Mr Bee’ was going to buy 20 per cent, with a deal securing another 45 per cent over the next 12 months.
“He intends to buy a majority shareholder stake in the club immediately,” a spokesman for Thai Prime – his investment fund – told news agency ANSA.
Taechaubol is due to fly from Bangkok to London, then after doing some business there go on to Milan for this weekend.
The full value of AC Milan is reportedly in the region of €1bn.