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Berlusconi Agrees To Sell Milan Stake

By Daily Guide
Sports News Berlusconi Agrees To Sell Milan Stake
AUG 4, 2015 LISTEN

Italy’s former prime minister Silvio Berlusconi has signed a pre-sale agreement to sell 48 percent of his AC Milan soccer club stake 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 Serie A soccer club is owned by Fininvest, Berlusconi’s family holding company, which also controls Italian TV broadcaster Mediaset and publisher Mondadori.

The deal was signed by Fininvest and Taechaubol and approved by Berlusconi, the spokesman said.

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