[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.

[Danny]

PS other Serie A teams have not adjusted. That's why the league is so poor!

Once upon a time Fiorentina, Inter, ourselves etc were strong, backed up by Juve and Roma. These were CL regulars.

Now it's just Juve.

Doesn't sound like a successful adjustment at all.

Sounds far more like living within your means. Fine for stability, but not for real success.

[Forza Milan!]

PS other Serie A teams have not adjusted. That's why the league is so poor!

Once upon a time Fiorentina, Inter, ourselves etc were strong, backed up by Juve and Roma. These were CL regulars.

Now it's just Juve.

Doesn't sound like a successful adjustment at all.

Sounds far more like living within your means. Fine for stability, but not for real success.

FWIW, Serie A is doing a little better this year than in recent years (1 team in the CL semis, 2 in EL).

In any case, according to this, last year Serie A had 5 clubs in the top 20 by revenue. Guess who was number 8 world-wide, and number 1 in Serie A? I was wrong, not Juve. Milan. (Juve was number 10 world-wide, number 2 in Italy.)

And despite having top revenue in Serie A, where did we end up last year? How about this year? Forget Europe, we have become a joke even inside of Serie A. And the fact that "the league is so poor" makes that even worse.

AFAIAC, there is nothing wrong with "living within your means". Yeah, as Milan fans we are used to aim high, I understand. Problem is that FFP makes it hard to aim high unless you have your finances in order. In other words, it harder these days to achieve "real success" without "stability".

Sadly, in our case, we are far from both. Our finances are a mess (we are losing mega-money), and we are 10th in Serie A (which, as you point out, is "poor"). And it keeps getting worse, year after year. Why?

IMHO, the answer is not to blindly pump more money in the club and hope for the better. Yes, we could certainly use more money, but there needs to be a real change in management first. Unless that happens, any infusion of money will be a waste.