Serie A: Thai investor Bee Taechaubol acquires 48% stake in AC Milan for €480m

The Thai investor Bee Taechaubol acquired a 48% stake in AC Milan (Serie A TIM) for €480m, stated the Italian and Thai press on 02/08/2015. This information has not been formalised by the Rossonero club, however Bee Taechaubol confirmed this acquisition on his Instagram account on the same day. The transaction values AC Milan €1bn.

"A deadline of 30/09/2015 has been set for the transfer of the stake and payment of the €480 million," said a spokesman for the Fininvest, holding company of the Berlusconi family which owns the club, to the agency Reuters on 03/08/2015. Fininvest retains 52% of the shares of AC Milan, and Silvio Berlusconi remains the president of the Milanese club.

Bee Taechaubol will become the vice-president of AC Milan, according to Italian press on 02/08/2015. Barbara Berlusconi and Adriano Galliani both retain their duties as vice-presidents and co-CEOs, but a third person will be appointed to this position to take care of the business of the club outside Europe, according to these sources.

"Objective the promotion and commercialisation of the AC Milan brand, in…