Peter Lim in alleged €300m bid for AC Milan

According to reports from Spain the Singaporean tycoon is looking to purchase 51% of the club but is only being offered slightly more than half of that
In the midst of negotiating a takeover of La Liga side Valencia, Singaporean remisier Peter Lim is reportedly making a move to purchase AC Milan.

According to Spanish newspaper, AS, Lim has offered 300m for a 51% stake in the Serie A giants. However, Berlusconi is only willing to sell 30% of the club in return.

The bid was made in person during a meeting with Milan CEO and vice-president, Adriano Galliani, with super agent Jorge Mendes and Giovanni Branchini acting as go-betweens.

Milan had previously denied reports that the club was for sale, with a recent Bloomberg report claiming club owner Silvio Berlusconi had spoken to investment bank Lazard to evaluate the club and help search for a potential buyer. Lazard had also acted on behalf of rival club Inter Milan, representing president Massimo Moratti during their sale of 70% of the club to Indonesian businessman Erick Thohir.

Lim had previously made bids for Premier League side Liverpool and most recently has been trying to complete the purchase of Valencia. However recent reports have claimed that the deal is now dead due to administrative errors with the club looking at other buyers.

The Singaporean was also spotted in Parc des Princes, Paris on Saturday April 5, sitting behind Zlatan Ibrahimovic during PSG's 3-0 victory over Stade Reims in a French Ligue 1 encounter.