[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]

tbh 4M a year is 80,000 a week. That's about normal for an international player these days.

I agree with you he's not worth it, and hasn't justified that wage, far from it, but most internationals would command such a wage - and when he signed he WAS a France regular.

Your argument should be with Bosman and football agents, rather than Galliani - players and their agents know they can get more money now. They have that power.

My ire is more with the fact in 2011 rather than building we just let it go. We'd just won the Scudetto, income was high (to satisfy FFP), and we had the CL coming up. What did we do with it? Nothing. That was the moment we crumbled, and it's literally been downhill ever since.

PS Berlu is worth just under 10B. 100M to him is pocket change and he can afford to lose it. But it's conjecture on your part which claims he will recompensate those losses. Any reason why he can't chuck another in to make his team great again? Because he doesn't want to.

Indeed, he's demanding Bee does!

[X-Offender]

PS Berlu is worth just under 10B. 100M to him is pocket change and he can afford to lose it. But it's conjecture on your part which claims he will recompensate those losses. Any reason why he can't chuck another in to make his team great again? Because he doesn't want to.

Indeed, he's demanding Bee does!

How much Berlusconi is worth has got nothing to do with it. FFP won't allow us to spend more than a certain amount. He has already been covering losses year after year, and if this keeps up he won't even be allowed to cover those losses anymore as the rules will tighten in the short-term.

It's very clear that we've been trying to change approach in the last few years and become a self-sustainable club, but it's not working. We incur too many losses (yeah yeah, Galliani's fault), and our revenues don't allow us to make enough money to sign expensive players. Hence the decision to sell 49% of the club.

With these new owners we'll hopefully be able to increase our revenues through sponsorship deals, a greater reach in the Asian market etc. all while cutting down expenses in the meanwhile. Mr. Bee and his friends seem pretty serious about it, so fingers crossed.

[Forza Milan!]

How much Berlusconi is worth has got nothing to do with it. FFP won't allow us to spend more than a certain amount. He has already been covering losses year after year, and if this keeps up he won't even be allowed to cover those losses anymore as the rules will tighten in the short-term.

It's very clear that we've been trying to change approach in the last few years and become a self-sustainable club, but it's not working. We incur too many losses (yeah yeah, Galliani's fault), and our revenues don't allow us to make enough money to sign expensive players. Hence the decision to sell 49% of the club.

With these new owners we'll hopefully be able to increase our revenues through sponsorship deals, a greater reach in the Asian market etc. all while cutting down expenses in the meanwhile. Mr. Bee and his friends seem pretty serious about it, so fingers crossed.

Personally, I would be happier if it was 51% or more (IMG:style_emoticons/default/smile.gif)

But it's conjecture on your part which claims he will recompensate those losses.

This says Fininvest has already covered the losses.

Couple of interesting articles, one from 24ore has interesting data on the sad state of our finances, while this seems to agree with many of the points I have been making all along.