- I can stake more
Potential AC Milan investor Bee Taechaubol has pleaded with
President Silvio Berlusconi not to sell a controlling stake in the club to
Chinese financial brokers.
A consortium from China is currently in exclusive
negotiations with Berlusconi
and Fininvest, the Rossoneri’s parent company,
with a view to buying 80 per cent of the club immediately and the remaining 20%
at a later time.
Mr Bee had appeared set to make a significant investment in
the club himself since early 2015, only for talks to hit a number of stumbling
blocks.
But, in an exclusive interview with Goal, Mr Bee insists
that he remains ready to buy a 48% stake which would allow Berlusconi to keep
his controlling interest, and that his own proposal will protect the long-term
vision of the once-great Milan.
"The people who are in talks are financial brokers, and
the fund manager will become CEO of Milan. With a whole bunch of money from 10
companies in China, that’s just looking at extracting money and making a profit
for investors," Mr Bee explained. "I’d rather see it sold to another
Italian than to somebody from overseas.
"There is no point deciding to invest then buying more
and more and more players, because that is not sustainable. AC Milan can make
money on its own and it can be sustainable.
"The club belongs to President Berlusconi, he dedicated
his life to it and made it what it is. He knows what to do and how to do it,
and now he will have time to focus on it he can make it a champion again. I’m
just here to help and add to it, and I know how to do that because I have
successful businesses in the industry already."Mr Bee’s over-riding belief
is that a club as important to the football world as Milan should never sell a
controlling interest to non-Italians.
"In the beginning I did want a majority because I was
being backed by some middle-eastern families and that was what they
wanted," he continues. "However, I came to understand Italian
football a lot more and, being Asian, I can’t say I really know the slightest
bit about it, but the more time I spend there and the more I’m involved I see
that AC Milan is the icon of Italian football and one of the greatest names in
world football.
"I explained to the funds that I think it would be
arrogant for anyone who is not Italian – especially Asians – to think that we
should have the right to own AC Milan. Fans might say 'Oh great, somebody’s
coming to invest', but when you spend money and the club does well, they look
up and think 'Why are there a bunch of Asians sitting up there'. This is an Italian
icon, this is an Italian team. I think it would ruin the brand of AC Milan if
there’s not an Italian owner.
"We should only be financial investors, and help build
the commercial side, but let President Berlusconi still own AC Milan. It’s not
my show, and I never intended it to be my show. It became a big media thing,
which is not what I want."There were claims in some areas of the media
that the delays in Mr Bee’s bid to buy into the club had been due to a lack of
funds, but he refutes such suggestions.
"Money is not an issue, there was just a lot of
confusion. My first proposal was for a majority but once I understood where
[Berlusconi’s] heart is and I had learned more about Italy and football, I
realised I should never have believed I had a right to a majority. You can’t
walk into Italy as an outsider and think you have a right to buy their icon.
"I’m not pretending I know as much about football as
Berlusconi. He has done what he has done and has achieved a lot so he knows
what he is doing. But I know what I’m doing in other areas, in the commercial
side, and I have the connections and the know-how which can help."
He adds that a tie-up with the Chinese government relating
to a Physical Education contract in the country’s schools could provide valuable
resource for Milan’s empire.
"I was able to do this by leveraging my other football
business, Sport Events International (SEI), and on top of that it’s all revenue
sharing.
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