SKIP TO MAIN CONTENT

Sale of AC Milan stake will not close this year - sources

MILAN (Reuters) - The sale of a 48 percent stake in AC Milan football club to Thai businessman Bee Taechaubol is facing delays and will not close this year, two sources close to the matter said on Wednesday.

Sale of AC Milan stake will not close this year - sources
(Reuters)

1 min read

Published

Updated

Source: Reuters


Skip to article content

The Serie A football club is owned by Fininvest, the family holding of former Italian prime minister Silvio Berlusconi.

Berlusconi and Bee signed a pre-sale agreement in August and a final deal was supposed to be inked by the end of September.

The sources did not elaborate on the reasons for the holdup, but said Berlusconi and Bee had spoken over the phone on Monday to discuss the state of the matter.

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

"It's pretty obvious that there will be no closure by the end of the year," one of the sources said, adding that talks will pick up in January, when Bee is also expected to come to Italy.

(Reporting by Elvira Pollina, writing by Agnieszka Flak, editing by Francesca Landini)


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world