Sunday September 20 2015
Berlusconi: Bee brings €100m pa

Silvio Berlusconi expects an extra €100m per year from Bee Taechaubol’s investment and is “happy” the stadium project fell through.

President Berlusconi is due to complete the sale of 48 per cent of Milan to Thai investor Mr Bee within the next few weeks.

“He presented the plan to commercialise the brand and there will be some important new revenue, we calculate up to €100m per year,” the patron told reporters last night.

“Milan must return to being a team in the semi-final and Final of the Champions League, but also with balanced books. We’ve booked an appointment with Mr Bee for September 30 and I have positive information from the banks.”

There was a setback this week, as Milan’s plan to build a new stadium was abandoned following clashes with the local authorities and company that owns the land.

The project had been pushed forward by Berlusconi’s daughter, and joint CEO of Milan, Barbara Berlusconi.

“Barbara was upset, but she understood the reasoning. I am in love with San Siro, we are improving the stadium to host the Champions League Final and personally I am happy that Milan will remain at San Siro.”