The Thai entrepreneur Teachaubol gave up his investment in Milan. The continuous misfires in the negotiations and the settlement fallout deter businessman and now the President of the team, Silvio Berlusconi will have to cover losses.
Mr. Bee at the end of last year reached a principled agreement on 48 percent of shares in the club, as it would have cost him nearly 500 million euros. Prior to this agreement to become a fact, however, the Thai businessman wanted to take a controlling interest (51 percent) but met rejection from Berlusconi`s family firm.
He made a compromise and agreed to step down, but the continuous Stonewall of the subsequent negotiations for the officialising the deal was the last straw for his patience.
The holding company Fininvest, through which Berlusconi owns AC Milan, had losses of 94 million euros for the year 2015 and for that reason, he is not going to invest in the club mentioned by livescore for more than 50 million euros this year. Given the spectacular investments in the summer, that had to be covered by Mr. bee, now sets out even more severe consequences for the Italian Grand.
It seems almost incredible a new investor to inject funds like the Thai. In front of Silvio Berlusconi remains no other option except to cover the negative financial result.
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