[Danny]

The Thai businessman has announced that he has agreed to a deal in principle to buy a stake in the Rossoneri.

Bee Taechaubol has agreed to a deal in principle to buy a significant share in AC Milan.

The Thai businessman had been in talks this week with club president Silvio Berlusconi and has now reached an agreement with the Rossoneri's parent company, Fininvest.

A statement from the man commonly known as "Mr. Bee" on Saturday read:

"I am very much looking forward to being a part of AC Milan’s history. It is a legendary club with a huge following worldwide, including in my country. If you walk around the streets of Bangkok, you will see countless Rossonero shirts. To be a part of the club is an honour, and a dream come true.

“This is a sound investment, and I am looking forward to tremendous success on all fronts with AC Milan. Once we have concluded the deal, we will roll up our sleeves and get to work. The club is not where it should be: fighting for the Serie A title, and in the final stages of the Champions League.

"With hard work, dedicated management and wise investment I am confident we can bring back the glory and trophies that AC Milan fans expect.

“I’d like to thank everyone in Italy for the way we have been received: Mr. Berlusconi, his family, and the Fininvest team have all been very welcoming. I’d also like to thank the Italian journalists for their patience, and most of all, the AC Milan fans.

“Our financial partners are firmly behind us, and are looking forward to the conclusion of the deal. Doyen Sports has also been a great help, and having them as partners will undoubtedly be a major asset for us in the future. We look forward to providing more information in the coming days.”

It is not yet clear whether the purchase will see Taechaubol replace Berlusconi, who has been the owner of Milan since February 1986, as a majority shareholder.

[han2503]

Are we getting more money? Finnivest gets the money, and we are still stuck with Galliani ... (Not good, not good at all.)

This

I wish Galliani would f*ck off as well, but let's be realistic, he's not the main problem. The lack of money is. I don't know what plans Fininvest and the new owners represented by Bee have, but it surely involves pumping fresh funds into the club one way or another. I think it will take some time before we can match the spending of most European clubs, but maybe some results will already show this summer. Hopefully.

I think Galliani IS the biggest problem we have. Yes, we've had lack of funds, but we did have SOME decent cash over the years, Galliani simply did his best to p!ss it away.

Some of the deals we've made for players are beyond ridiculous. If we want to go back to when his poor judgements and decision making started we'd have to go back to 2006. When he sold Sheva, replaced him with a ridiculously overpriced panic buy after wasting the entire summer and not strengthening the team. The CL in 07 "vindicated" him and made him feel even more proud of himself than we can probably even begin to imagine. After that, things spiralled dramatically, with the sale of every star player we had, the Pirlo situation, the long @ss, expensive contracts to senior players that were past their best. Giving players like Zaccardo and Co long and expensive contracts after specifically implementing the 1 year rule for players over 30, which was the prime reason as to why we lost Pirlo. Over paying for players who were past their best but we were mostly paying for their names, like Robinho, Ronaldinho, Zambrotta, etc. Not to mention they also had big contracts to go with. All the free agents... I mean, need I go on?

And all this without even getting into the coaching issues we've had since Carlo left

Also, I would like to add that many Clubs are run on "tighter" budgets. And they are run with those tighter budgets much more smartly than Milan.