Silvio Berlusconi, the often-controversial, outspoken Italian Prime Minister who is also the owner of AC Milan, may be prepared to sell the Italian giants, or a percentage of the club, after suffering a personal financial blow, says the Gazzetta Dello Sport.
Berlusconi, famed for his love of the Rossoneri – aswell as amongst others fast women – has been hit with €560m fine from the Italian courts following a decade-long dispute – known as Lodo Mondadori.
A meeting reportedly took place on Monday between the Berlusconi, his children Marina, who manages Fininvest (Berlusconi’s holding company), Barbara, an AC Milan board member, and the board of Fininvest.
Three outcomes are currently being considered as most likely – choosing to disassociate the club from Fininvest to avoid further problems; selling 30% of the shares to an Arabic consortium, or listing the club on the Stock Exchange of Hong Kong.
The last two options may prove more fruitful, as both would fill the coffers at the San Siro substantially, allowing Milan to more easily bring top-quality recruits, such as the Santos and Brazil playmaker Paulo Henrique Ganso to the club.
However, Berlusconi will not be selling the club outright. In a statement made late last-night, through Fininvest, the 74-year-old stated that the club would not be sold and would be staying in the Berlusconi family.
“We can categorically confirm that these fanciful hypotheses and scenarios are totally unfounded,” Fininvest told the news agency, ANSA.