Several months of negotiations for the sale of the "Milan" club have ended.
It is said that Thai businessman Bee Taechaubol purchased 48 percent of the shares of the "Serie A" team.
The remaining 52 percent will be controlled by the company "Fininvest", led by team president Silvio Berlusconi.
The statement says that the Italian will remain president of "Milan" and will try to restore glory to the historic club in collaboration with the Asian.
"The guidelines for the future are to popularize and seek profit from the Milan team brand, especially in Asian countries. The goal is to significantly increase income and secure financial benefits to return among the most powerful teams on the planet," the article said.
It is believed that Mr. Bee's share package cost 500 million euros.
