Bee does not find the money and lose the exclusive, Fininvest opens to Madison
The deadline for the closing of the transfer of 48% of Milan by Fininvest the consortium of investors led by Bee Taechaubol was set at 30 November. But the broker Thailand, from time looking for partners to put together the 480 million needed to enter the capital of the Rossoneri, evidently he failed to find the necessary funding and, at this point, the operation seems destined to end with a stalemate. Unless Mr. Bee does not succeed at the last minute to raise the capital claimed by Silvio Berlusconi for 48% of Milan.
According to the website of Milano Finanza, at the difficulties of Mr. Bee in raising the necessary capital to close the transaction by November 30, the broker and the Thai-owned holding company of Milan they would have agreed to take more time, moving the deadline to end of December. This, however, would result in the disappearance of the exclusive in-chief to Taechaubol, allowing Fininvest to restore its relationship with other stakeholders to invest in Milan, at one point Madison based in the US, whose offer last spring had been not considered appropriate from an economic standpoint, given the 480 million promised by Mr. Bee.
In accordance learned in financial circles, Mr. Bee, that the initial stage of talks with Berlusconi could count on the support of two financial institutions such as ADS Securities, based in Abu Dhabi, and Citic, the Chinese banking giant, already in football through the Beijing Guoan Football Club. Just the Chinese, who at first seemed to be the hottest on the front of AC Milan, would have cooled their interest in recent weeks, putting pressure on Mr Bee.
Complicating the deal we had started the investigation into the Milan prosecutor's office of Tax & Finance, the Swiss trust which had turned Taechaubol to set the input of its members in the capital of Milan. Stopping the partner of Tax & Finance, Andrea Baroni, who have not formed part of the consultants of the Thai broker, he had advised Mr Bee to change running your own advisors. A turnaround that does not seem to be enough to Taechaubol to convince their potential partners to bring to the table the figure sought by Berlusconi to give up 48% of AC Milan.
http://www.calcioefinanza.it/2015/11...pre-a-madison/
...Think its getting at the Thai is denying the deal is done , Bee is looking (STILL) for the money to buy the 48% and the deal is far from done.
