Bee Taechaubol said his deal to buy 48 per cent of Milan for €485m will “allow our investors to start working very soon.”
The Thai businessman signed the contract with President Silvio Berlusconi last night in Sardinia, though it was only announced today.
“A great honour to complete the AC Milan agreement with President Berlusconi, a phenomenal leader,” wrote Mr Bee on Twitter and Instagram.
He also spoke to Premium Sport Mediaset, one of Berlusconi’s TV companies, and the full interview will be aired this evening.
“You’ll see me often at San Siro as a fan with President Berlusconi. So we can win together? Naturally.
“We signed an agreement that will allow our investors to start working for the club very soon. We are in agreement, we want to help Milan grow even more all over the world.”
It is believed the new board of directors will have seven figures from Berlusconi’s circle and five representing Taechaubol.
There could also be a third CEO to join Adriano Galliani and Barbara Berlusconi, focused mainly on growing the brand overseas.
The closing date has been set at September 30.
Image via @beetaechaubol