A Chinese-American group has reportedly overtaken Mr Bee as the likeliest Milan investor, but they want the majority stake.
Thai businessman Bee Taechaubol has been in talks with the Rossoneri about acquiring 48 per cent of the club for almost a year, but significant progress is yet to be made.
Gazzetta dello Sport reports today that a Chinese-American group are now in pole position rather than Mr Bee, after various postponements, problems and delays.
A Chinese-American group has reportedly overtaken Mr Bee as the likeliest Milan investor, but they want the majority stake.
Thai businessman Bee Taechaubol has been in talks with the Rossoneri about acquiring 48 per cent of the club for almost a year, but significant progress is yet to be made.
Gazzetta dello Sport reports today that a Chinese-American group are now in pole position rather than Mr Bee, after various postponements, problems and delays.
The group is comprised of a Chinese investor and an American advisor, but their names are yet to be revealed.
However, the report says that the first contact between the San Siro club and the group took place a year ago, when Mr Bee had the advantage.
Things have now changed though, and what was initially an expression of interest has now turned into a proper negotiation, according to the paper.
The report says a preliminary agreement will be signed imminently, which would be followed by an analysis of Milan’s accounts.
There are three main differences between this group and Mr Bee, says Gazzetta.
The first is that the ownership would be unique, rather than spread around multiple investors – only one person would enter the club.
Secondly and significantly, the Chinese-American group value Milan at a much lower price than Mr Bee, reportedly at around €700 million compared to Bee’s €1 billion.
Thirdly, the new investor would want to immediately purchase the majority stake, something that current President Silvio Berlusconi has never wanted to consider.