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Official: Monza sale brings end to Berlusconi ownership
Official: Monza sale brings end to Berlusconi ownership

Yahoo

time4 days ago

  • Business
  • Yahoo

Official: Monza sale brings end to Berlusconi ownership

AC Monza has officially been bought by American investment fund Becket Layne Ventures, which will bring an end to the Berlusconi family's reign over the club. Official: Berlusconi family agree to sell Monza to US investors Monza, who were relegated from Serie A at the end of the 2024-25 season, have been bought out by new American investors. Becket Layne Ventures have purchased an initial 80% stake in the club, and have agreed to purchase the remaining 20% of the shares by June 2026. Advertisement For the meantime, Fininvest, the holding company owned by the Berlusconi family, will remain minority shareholders, and will remain on the board 'in line with its remaining shareholding', it has been confirmed. epa10119403 Silvio Berlusconi (L) and Adriano Galliani before the Italian Serie A soccer match between AC Monzaa and Torino FC at U-Power Stadium, 13 August 2022. EPA-EFE/Roberto Bregani Once Becket Layne have bought out the remaining 20% of the shares from Fininvest, the Berlusconi family will no longer have control over the club. Monza was officially bought by Fininvest, then under the control of former Prime Minister of Italy and ex-Milan President Silvio Berlusconi in 2018. Along with the guidance of former Milan CEO Adriano Galliani, Monza earned promotion to Serie A for the first time in the club's history at the end of the 2021-22 season. The club remained in possession of Fininvest after the death of Silvio Berlusconi in 2023. The holding company remained under the control of the Berlusconi family, who have since agreed to sell 100% of their shares in the club following the team's relegation to Serie B at the end of the 2024-25 campaign.

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