NEWS
Friday May 1 2015
Milan sale terms revealed?

Potential details of Bee Taechaubol’s mooted takeover of Milan have been revealed, with the club valued at €950m.

It’s believed that the Thai property tycoon has agreed a deal with current President Silvio Berlusconi, with the deal to be made official tomorrow morning.

Il Sole 24 Ore is now reporting what it claims are some of the details of the agreement, with Mr Bee agreeing to take over 51 per cent of the club.

The Berlusconi family would hold on to the remaining shares, but their 49 per cent holding would be diluted by the club being floated on the stock exchange within a year.

A dual listing could be one of the options, with the Rossoneri floated on both the Italian stock exchange and also listen in Hong Kong.

This is seen as essential to clearing some of the Diavolo’s €250m debt, something which is not included in the price which Taechaubol would pay to acquire the club.

Meanwhile, Sky is running the line that Mr Bee was able to convince Berlusconi to sell by assuring that he would invest significantly in the playing staff.

The news outlet believes that the club would have a transfer budget of between €70m and €100m.

Some of the potential targets would be those owned by Doyen, a company which is believed to be providing investment for the deal.

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