NEWS
Monday November 23 2015
Mr Bee delays again?

Bee Taechaubol will reportedly ask to delay his Milan investment again, this time until the end of the year.

The Thai investor has agreed a deal to acquire 48 per cent of the Rossoneri, but was forced to delay until November 30.

Now Milano Finanza is reporting that the property tycoon, commonly known as Mr Bee, will request an extension until the end of the year, as he seeks to confirm funding.

Chinese bank Citic are a potential source of capital, but they and other investors must be convinced by due diligence before committing to funding the move.

The website believes that Mr Bee will ask for at least another month, and also makes another interesting observation.

Milano Finanza states that Taechaubol’s exclusivity deal expires at the end of the month, opening up the possibility of new investors.