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Former AC Milan owner Silvio Berlusconi buys Serie C club Monza

MILAN, ITALY - MARCH 20:  AC Milan president Silvio Berlusconi looks on before the Serie A match between AC Milan and SS Lazio at Stadio Giuseppe Meazza on March 20, 2016 in Milan, Italy.  (Photo by Marco Luzzani/Getty Images)
Image: Silvio Berlusconi is back in football after buying Serie C side Monza

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 deal is reportedly worth up to £3m, and will see 81-year-old Berlusconi return to the club game less than 18 months after he sold 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.

PESCARA, ITALY - APRIL 02:  Adriano Galliani AD of AC Milan prior the Serie A match between Pescara Calcio and AC Milan at Adriatico Stadium on April 2, 2017 in Pescara, Italy.  (Photo by Giuseppe Bellini/Getty Images)
Image: Adriano Galliani was vice-president at AC MIlan during Berlusconi's leadership

The third division side have never played in Italy's top tier, but Berlusconi has pledged to guide them all the way to Serie A.

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.

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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.

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