AC Milan, Clubs, Italian Serie A, Italian Serie C1-A, Story


Silvio Berlusconi is getting back into football with Gazzetta dello Sport reporting the former AC Milan owner will buy Serie C club Monza.

The report says that Berlusconi’s family holding company Fininvest has reached an agreement to purchase the Milan-based club in a deal worth between €2.5-3 million.

The 81-year-old Berlusconi, a three-time Italian prime minister, sold AC Milan to a Chinese-led consortium for $800 million last year. U.S.-based hedge fund Elliott Management then took over control of Milan two months ago after the Chinese owner missed a deadline to repay part of a loan.

The Gazzetta says the Monza deal should be signed by the end of the month, with former Milan vice president Adriano Galliani slated to be CEO.

Berlusconi and Fininvest did not immediately comment.



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