Bee Taechaubol has announced he's buying a stake in AC Milan.

Bee is ready to buy a minority stake in the club, as the current President Silvio Berlusconi wants to keep 51 per cent.

"We defined the structure of the deal, though there are some details that need to be sorted out," he told Sky Sport Italia.

"There's still something missing and we are working to conclude the deal. I cannot say when precisely, but I believe within a few weeks.

"Will it be 49 per cent or 51 per cent? I cannot comment on that. You will find out soon.

"Milan is the best team, a legendary club known all over the world. Our objective is to get back to winning ways in Serie A and also the Champions League."