Thai businessman Bee Taechaubol has set his sights on a purchase of A.C. Milan, with longtime president Silvio Berlusconi reportedly agreeing to the sale
Back in December 2014 when Milan supporters and European football fans were introduced to the icon that is Bee Taechaubol, the idea of a sale by Silvio Berlusconi seemed like an unlikely event. In the past few weeks, talks of a sale of the historically successful Italian giant have surfaced as it seems like the rossoneri will finally get the renovation it so desperately craves. According to Gianluca Di Marzio, there will be a meeting between Taechaubol and Berlusconi tomorrow to seal the deal that will relinquish a large stake of the club, around 60%.
With more of the details still to be determined, here is what has been reported by Di Marzio:
The purchase of 60% of Milan will cost $1.4 billion gross and will be paid in three years. For budgeting and FFP reasons, €70-100mil will be spent in the mercato, excluding sales which has been something the Rossoneri fans will appreciate. However, any purchases the club makes could be in the form of a loan with an option to buy as it will effect the 2016 budget and allow more financial flexibility for when new sponsorship deals arrive. Doyen Sports, who played a part in the negotiations between the parties, have agreed to bring some of the players under the agency to the 7-time Champions League winners for free in the next two years.
Doyen Sports Group represents a large amount of players, some more recognized and established than others. Some of the more prominent names represented by the group include: Radamel Falcao, Eliaquim Mangala, Geoffrey Kondogbia, Yacine Brahimi and Felipe Anderson. A larger list of the players and coaches represented by the group can be found here.
Taechaubol isn’t the only investor going in on this transaction, with an Asian consortium helping the deal become a reality. In the coming days and weeks, more is expected to be released on this major news but it appears that the end of an era has arrived, while a new regime is beginning.
The post Bee Taechaubol Takeover: The Latest appeared first on Italian Football Daily.
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