Discover the SportAccord Summit sessions!
31 Jan 2024 23:49
Bee Taechaubol’s bid to gain control of AC Milan is in doubt after it has emerged that Silvio Berlusconi is unconvinced with the Thai businessman’s proposals regarding the Rossoneri and that he now favours the Chinese consortium fronted by Richard Lee.
Mr. Bee, whose bid is funded by controversial investment firm Doyen Sport, departed Milan on Monday confident that he would be able to wrap up a deal within four weeks but it now appears that the 42-year-old’s optimism may have been misplaced.
Corriere della Sera reports that Berlusconi does not view Taechaubol’s bid as in the best interests of the long term future of Milan and that he will now put all of his efforts into finding an agreement with the Chinese investors who he believes will be able to provide more secure long-term funding for the club.
Moreover, it is understood that the 78-year-old former Italian prime minister is unhappy with Mr. Bee’s attitude, in particular the presumptuousness with which he asserted he would have control of the club by the end of the month.
It is believed that the Chinese investors have the backing of the government in Beijing and would therefore have far greater financial muscle than that of their Thai rival.
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Hansa Rostock get Chinese investment
01 Feb 2016
PPTV Sports sets eyes on La Liga side Granada
11 Jan 2016
Wanda rumored to be involved in 100m fund raising of Letv Sports
05 May 2015
Chinese investors to acquire majority stake in Sintrense
08 Jul 2016
17 Mar 2016
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: How Gaming is Changing our World
07 May 2024
Squash will be significantly boosted by LA28 inclusion
17 Apr 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
SPORTACCORD 2024 INSIGHTS: Harnessing the Soft Power of Sport
13 May 2024
SportAccord Bronze Partners Make Their Mark on Global Stage
08 Mar 2024
Yutang Sports
loading...