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AC Milan in 'delicate moment' as Thai businessman arrives for takeover talks

The mooted sale of AC Milan has moved a step closer to completion with the arrival of Thai businessman Bee Taechaubol in the Italian city on Sunday.

Taechaubol is reported to have already agreed on a price with current president Silvio Berlusconi, who has had time to consider the deal after a meeting earlier this year.

With reported interest from several other Far East parties, Taechaubol has flown in to Milan to accelerate the deal.

A meeting with Berlusconi is expected to take place on either Monday or Tuesday with the current Milan president's near 30-year ownership drawing to a close.

"It's a very delicate moment for AC Milan and we're obliged to keep things silent," said Marina Berlusconi, one of Silvio's daughters and the president of the Fininvest group under whose umbrella AC Milan are owned by the Berlusconi family.

"Some things that have been written are imprecise and untrue."

Suggestions range from Taechaubol acquiring from 60 to 75 percent of the Serie A club, while La Repubblica claimed at the weekend that Berlusconi could still remain president for at least the next five years, even under the Thai broker's ownership.

When Indonesian tycoon Erick Thohir bought out Massimo Moratti's majority holding of city rivals Inter Milan in 2013, he was offered the opportunity to remain as president, but declined.

Taechaubol arrived in Milan on Sunday evening and is currently residing in a city centre hotel.

Waiting in the wings is another investment group led by Hong Kong businessman Richard Lee, writes La Gazzetta dello Sport, publishing photographs of Taechaubol after arriving in Lombardy.

Meanwhile, in response to Saturday's 2-1 defeat at Udinese which left the Rossoneri still off the pace in the battle for European qualification next season, the players have been sent into a training camp at the club's Milanello headquarters "until further notice."

The team will reside at Milanello, which is also their base prior to home matches with enough rooms to accommodate all the players and staff, at least until Wednesday night's clash with Genoa.

The players were given permission to return to their homes to collect belongings before reporting back for what could be a long stay from Sunday night.

"The training retreat will continue until further notice and it could last until Wednesday or the 3rd, 10th, 17th, 24th or 31st of May. The decision is down to the coach and will be taken based on the quality of the team's performances," read a statement on the club's official website.

With six games of the season remaining, Milan trail sixth-placed Fiorentina and a possible berth in the Europa League by six points.