SILVIO BERLUSCONI has returned to football as new owner of Monza.
Credit: The Sun UK.
The 81-year-old’s family holding company Finivest says it has bought 100 per cent of the Serie C club Monza in a deal reportedly worth between £2.2million and £2.6m.
A company statement read: “Finivest Spa has finalized the acquisition of Societa Sportiva Monza.
“Finivest has acquired the 100 per cent stake of the club.
“The new board of director members are: Nicolo Colombo (President), Paolo Berlusconi, Adriano Galliani, Roberto Mazzo and Danilo Pellegrino.
“Later on the board of director has named Adriano Galliani as the club’s executive director.”
Berlusconi, the three-time Italian premier, sold AC Milan to a Chinese-led consortium for £615m last year.
US-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.
Former Milan vice president Adriano Galliani was nominated Monza’s CEO.
The new ownership team has pledged to bring Monza, which is located just outside Milan, up to Serie A.
Societa Sportiva Monza 1912, as the club is officially called, have never made it to the top division.
Under Berlusconi’s ownership, Milan won 29 trophies in 31 years.