Bee Taechaubol's plans of buying into AC Milan are now under threat.

His consortium have agreed a €485 million price with Milan president Silvio Berlusconi for 48 per cent of the club.

However, Milano Finanza reports the exclusivity clause of the agreement expired on September 30, opening up the road to other parties.

American group Madison, which controls Madison Square Garden in New York, are in talks with Milan about rivaling Bee's offer.

However, they want to kickoff negotiations starting from zero, and discuss investing on their own terms.

But Bee is unconcerned, assuring Milan's controlling company, Fininvest, he will have the money and complete the deal before Christmas.