Thai businessman Bee Taechaubol is planning a shake-up of fading Italian club Milan once he becomes a stakeholder, a deal he said he had no issues financing and that should be wrapped up this month.

Returning to Thailand yesterday after talks in Milan, Bee would not be drawn on details of a deal long shrouded in secrecy but said money was “not a problem” and talks with former Italian prime minister Silvio Berlusconi were going well.

“We are in negotiations... the next step will be arranging documents, preparing financial papers and legal procedures,” Bee told reporters at Bangkok’s airport.

“After the stake is transferred, there will be some restructuring and rearrangement of a new team.”

That could be just what the Rossoneri need.

Milan have been European Champions seven times but have had no silverware since winning their 18th Serie A title in 2011. The club has amassed debts of €250 million and posted a loss of €91m last year.

Italian media reports said Bee, executive director of private equity group Thai Prime, was offering €500 million for a 51 per cent stake in Milan.

But Fininvest, the holding company of Berlusconi, on Saturday said Milan would remain in the former premier’s hands and Fininvest “foresees the acquisition of a minority stake by a group of investors”.

Bee’s interest in Milan has taken him from relative obscurity in Thailand, a Southeast Asian nation with more than 25 billionaires, according to Forbes Magazine. Bee is not among them and has refused to say how he would finance any Milan deal.