Berlusconi Signs Pre-Sale Agreement To Sale Ac Milan
Italy’s former prime minister Silvio Berlusconi has signed a pre-sale agreement to sell 48 percent of his AC Milan soccer club to a group led by Thai businessman Bee Taechaubol by the end of September, a spokesman for holding company Fininvest said on Sunday.
“A deadline of September 30 has been set for transfer of the stake and payment of the €480 million by September 30,” the Fininvest spokesman told Reuters.
The deal was signed by Fininvest and Taechaubol and approved by Berlusconi, the spokesman said.
The comments confirmed an instagram posted by the Thai businessman.
“A great honor to complete the AC Milan Agreement with President Berlusconi, a phenomenal leader,” the instagram said.
Last Thursday a source told Reuters Berlusconi would sign a binding pre-accord to sell the 48 percent stake in the next few days with a final deal to be inked after the summer.