Ex-Italian PM Silvio Berlusconi rejects offer for club.
Silvio Berlusconi has rejected a €970 million (£720 million) bid for the club, saying he believes the Italian giants are worth €1.5 billion (£1.1 billion).
Rumours have been circulating about the ownership of the club for some time, especially with Milan’s disastrous on-pitch results threatening to send the historic side into a terminal decline.
Thai businessman Bee Taechaubol was the man behind the bid, but in a statement Berlusconi’s holding company Fininvest said they’d rejected the offer and there were no further talks about selling the club, which Berlusconi has owned since the 1980s.
“Various parties have shown interest in a partnership involving Milan but, having said that, Fininvest categorically denies the existence of talks of any substance and of any pre- agreement or decisive”, they said in a statement.
According to reports in Thai media, Taechaubol remains hopeful of concluding a deal this month.
Milan are 11th in the Serie A.
Berlusconi is convinced that Milan is worth €1.5B that’s why he’s turning down offers. #MarcoBellinazzo
— Milan Fans ? (@MilanEye) February 17, 2015