The Berlusconi family is “leaving soccer again” with the sale of Italian Serie B club AC Monza to American fund Beckett Layne Ventures (BLV). The Berlusconi’s family holding company, Fininvest, announced the sale included an “initial transfer of 80% of the shares by this summer,” with the “remaining 20% to be transferred by June 2026.” BLV is “paying about” $35M for Monza, however financial details of the deal were not announced. Fininvest purchased Monza in 2018 and “oversaw the club’s rise” from the third division to Serie A. But the club, based just outside Milan, finished last in the recently concluded Serie A season and was relegated to Serie B. Fininvest was previously controlled by late AC Milan owner Silvio Berlusconi, who controlled the club from 1986-2017 (AP, 7/1).
