Former Italian PM Berlusconi buys Monza

The 81-year-old has reportedly paid £3m for the Serie C club, and the deal will see him manage a new club just 18 months after selling AC Milan.

Berlusconi, who has also been prime minister of Italy on three separate occasions, has nominated former Milan vice-president Adriano Galliani as Monza's new CEO.

He has pledged to take the team all the way to the top division for the first time in their history.

He has bought Monza from Nicolo Colombo, who is the son of Felice Colombo, Milan's president from 1977-1980.

Berlusconi was in charge at Milan for 31 years, with the club winning 29 trophies during his tenure.

He sold Milan for £613m to a Chinese-led consortium in 2017. The club is now owned by US-based hedge-fund Elliot Management after the consortium missed the deadline on a loan repayment.