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.
Serie A Watch on ESPN networks in the U.S.
ESPN has reached an exclusive, multi-year rights agreement in the United States for Italy's Serie A TIM, one of the world's top soccer leagues. The agreement will bring more than 340 matches per season to ESPN+ | Schedule
LISTEN: The Serie Awesome Podcast
In the second episode of The Serie Awesome Podcast, Gab Marcotti, Mina Rzouki and Paolo Bandini discuss the latest happenings in Serie A. Plus, how long will Cristiano Ronaldo be out after his first Champions League red card?
Confessions of a failed Ronaldo fan
Brian Phillips: For some reason, Cristiano Ronaldo has as many haters as fans. Do we have the new Juventus star all wrong?
The 81-year-old Berlusconi, a three-time Italian premier, 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.
Comments
Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.
Source: espn.co.uk