Friday 28 September 2018 12:20, UK
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.
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.
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.
