Thai businessman offers one billion Euros for Milan stake

[george]

Thai businessman offers Silvio Berlusconi one billion Euros for Milan stake

A Thai businessman has offered former Italian Prime Minister Silvio Berlusconi one billion euros ($1.14 billion) for a controlling stake in AC Milan, media reported on Monday.

The offer came from Bee Taechaubol, executive director of Thai Prime Company Limited, a south east Asian private equity group.

Bee is also a co-owner of the Global Legends Series (GLS) Bangkok that features veteran football players taking part in charity matches across the region.

The Bangkok Post reported that Bee wanted at least a 50 percent stake in the seven-times European champions but not complete ownership.

Bee was confident of completing a deal for the 18-times Italian champions within a month, the report added.

The businessman could not immediately be reached for comment.

One of Italian soccer's most prestigious names, Milan have struggled in Serie A since winning the last of their titles in 2011.

-- Agencies 2015-02-16

[Seastallion]

37 billion baht, roughly.

It's not small change.

I hope someone in the know of these kinds of investments can tell us, if this sort of thing is a "trophy" acquisition that has perks but may not be a financial investment, or is it possibly a lucrative investment? Bit of both?

[Luxfare]

So he values a struggling club not in the Champions league at around 2 billion Euros???? Within the last 10 years Arsenal, United and Liverpool COMBINED have changed hands for less.

[Lovekorat]

OMG! What is the matter with these people?

Do they think that they can buy a club like AC Milan and that's it?

Christ, they can't even run the football clubs properly in Thailand let alone one of europe's alleged giants.

Take a look at Nakhon Ratchasima' FC's organisation. Farcical.

Behave like that in Italy and they'll find him swinging from a bridge in London.

And yes, it is nothing to do with football it's all about self importance and potential business contacts.

Ask the Arabs.

[wabothai]

Suggestion: Better spent on improving soccer facilities in Thailand.

Typical hiso wannabe behavior.

[thedude82]

49% ownership right? because we all know Thais just love to feel in charge.

[webfact]

related topic:

Berlusconi rebuffs Thai offer for AC Milan
By Coconuts Bangkok


Photo: AC Milan

BANGKOK: -- The Italian owners of the AC Milan Football Club have demurred on a possible sale to a Thai businessman soon after the news broke yesterday.

Full story: http://www.thaivisa.com/forum/topic/801118-berlusconi-rebuffs-thai-offer-for-ac-milan/

[Morch]

No idea if it is a trophy purchase or a calculated business move. Not sure the two are mutually exclusive.

The potential buyer's firms are more to do with investments and real estate development.

For reference, AC Milan's arch-rival, Inter Milan, is owned by an Indonesian - http://en.wikipedia.org/wiki/Erick_Thohir .

[Chris Lawrence]

Ben Taechaubol Director, Chairman of the Investment Committee, Member of the Compensation Committee

In addition to serving on the Board as a Director and Chairman of the Investment Committee, Ben is presently the Chief Executive Officer of our company. He also served on the boards of several corporate and philanthropic institutions including MFC Asset PCL.

Ben received a Bachelors of Commerce (BCOM) and Bachelors of Laws (LLB) from the University of New South Wales, and is a graduate of Sasin Graduate Institute of Business Administration of Chulalongkorn University with a Master of Business Administration. He completed the Director Certification Program at the Thai Institute of Directors Association in 2009.

Looks a very young man