Report: Berlusconi reaches deal to buy 3rd-division Monza

Posted September 25, 2018 7:00 am

The Associated Press

MILAN (AP) - Silvio Berlusconi is reportedly getting back into football.

The Gazzetta dello Sport says Berlusconi's family holding company Fininvest has reached a deal to purchase Serie C club Monza in a deal worth between 2.5 and 3 million euros ($3-3.5 million)

The 81-year-old Berlusconi, a three-time Italian premier, last year sold AC Milan to a Chinese-led consortium for $800 million. 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.

Former Milan vice president Adriano Galliani is slated to be Monza's CEO.

Berlusconi and Fininvest did not immediately comment.

Monza is located just outside Milan.

___

More AP soccer: https://apnews.com/tag/apf-Soccer and https://twitter.com/AP_Sports

Article Comments

Article Categories
Content Providers MLS Pro Sports Soccer Sports Sports Leagues Sports Types

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.