S.Berlusconi refused to sell "Milan" club for a billion euros

Former Italian Prime Minister Silvio Berlusconi, whose family controls the legendary "Milan" club, was offered a billion euros for a controlling stake in the club by a Thai businessman, Bee Taechaubolas. An executive director of a private capital group in Asia proposed an amount that was at least 50 percent too low.

According to the "Bangkok Post," B. Taechaubolas and "Thai Prime Company Limited" do not want to completely take over the club's management, but are eyeing a controlling stake of 50 percent plus one share.

According to various reports in the Italian media, S. Berlusconi would like to receive 1.5 million euros and then consider the offer.

The "Milan" club has been controlled by the investment company "Fininvest Group" since 1986, but the actual leader of the team is S. Berlusconi.

The ESPN portal quotes a statement from the "Fininvest Group" confirming the information about the offer, but stating that no negotiations have begun.

"We do not plan to sell a controlling stake in the company. Various organizations have offered us money," the statement reads.

In recent years, the "Milan" club has been experiencing a crisis and has been saving money quite significantly. This season in the "Serie A" championship, the team led by Filippo Inzaghi is just 11th, trailing the leader, Turin's "Juventus," by 24 points.

Despite poor results, "Milan" is one of the richest clubs in the world, attractive to investors.

In 2013, 70 percent of the shares of the "Inter" club were acquired by an Asian consortium of businessmen led by Erick Thohir. According to various sources, this cost about half a billion US dollars.

15min.lt