Former Italian PM Berlusconi buys Monza

by BeSoccer @besoccer_com - 28 Sep 18 0 304

Silvio Berlusconi has bought Serie C side Monza for around £3m. AFP

Former Italian PM Berlusconi buys Monza

by BeSoccer @besoccer_com - 28 Sep 2018 0 304

Silvio Berlusconi is set for a return to Italian football with his family's holding company Fininvest saying it has bought 100 per cent of Serie C club 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.

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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.