Berlusconi could keep majority share in Milan
Print Edition
AC Milan President Silvio Berlusconi could retain a majority stake in the club, he said in his first comments about a potential sale of the Serie A team he has owned for nearly 30 years.
Berlusconi met with Bee Taechaubol yesterday at the Thai businessman’s hotel in central Milan to continue negotiations, which have intensified this week.
It was expected that Taechaubol and his associates would buy between 51 to 60 percent of Milan for about 500-600 million euros (US$560-US$672 million).
“Everything is being discussed: there is the possibility that I will keep the 51 percent,” Berlusconi said. “Soon we will meet again to be able to define every aspect of Milan’s future.
“For me it is an affair of the heart, which is so very important and completely outside all of the normal rapports with companies.”
Berlusconi, who was Italian premier three times, took over Milan in February 1986 and presided over its most successful era as the team won 28 trophies, including eight Serie A titles and five European Cups.
However, the team’s form has dipped in recent years and Taechaubol has reportedly persuaded Berlusconi to sell by assuring he will invest significantly in the squad.
“My concern is that Milan returns to the top in Italy, in Europe and in the world,” Berlusconi said.
The 78-year-old said he will remain as club president.
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