Thai group pays €1bn for Milan?

By Football Italia staff

This morning there are reports investors from Thailand have offered €1bn to buy Milan from Silvio Berlusconi.

According to La Repubblica newspaper, there is already a deal to sell 30 per cent of the club’s shares for €300m.

However, this also includes a pre-contract agreement to continue moving power towards Thailand over the next three years.

The eventual complete take-over would be worth in the region of €1bn, not including investment in the new stadium.

This agreement is important as it’d give the Thai investors sole rights to buy up Milan, fending off interest from Chinese group Dalian Wanda – who recently bought 20 per cent of Atletico Madrid and Infront, the company that runs Serie A television rights.

The report suggests that Berlusconi would remain as Honorary President, similar to the role Massimo Moratti had after Erick Thohir bought Inter.

On February 20 it will be the 29th anniversary of Berlusconi taking over Milan, who at the time were on the verge of bankruptcy.

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