Latest news with #ACMonza
New York Times
01-07-2025
- Business
- New York Times
Berlusconi family sells Monza to U.S.-based fund Beckett Layne Ventures
The family of the late Italian prime minister Silvio Berlusconi has agreed to sell soccer club AC Monza to U.S.-based investment firm Beckett Layne Ventures (BLV). A statement on Tuesday confirmed 80 per cent of the club's shares will be transferred to BLV this summer, with the remaining 20 per cent to be processed by June 2026. Advertisement The sale of Monza marks the withdrawal from soccer of the family of Berlusconi, the four-time Italian prime minister and media tycoon who previously spent three decades as the president of AC Milan. The move also marks the first time BLV, which has invested over $10billion to date in the media and entertainment sectors, have invested in soccer. Headquartered in the U.S., BLV was founded and is managed by Brandon Berger and Lauren Crampsie, both of whom were involved in restructuring Chelsea's commercial department with their background in media and marketing. BLV believe Monza, the home of Formula 1's Italian Grand Prix, is located in a strategically important region of Italy, less than 30km north of Milan. In September 2018, the Fininvest holding company — headed by former Milan club president Berlusconi — bought Monza, with Berlusconi bringing Monza-born Adriano Galliani, former CEO of Milan, also became part of the board of directors. Berlusconi and Galliani had overseen the most successful leadership in Milan's history, winning 29 trophies with the club between 1986 and 2016, including eight Serie A titles and five Champions League trophies. Their stewardship oversaw Monza's first ever promotion to Serie A, the top division of Italian football, in 2022 — starting a run of three successive seasons in the top flight, which ended last season. Monza will compete in next season's Serie B after finishing bottom of Serie A last season, with just three victories in 38 league matches. They are the latest Italian club to move to U.S. ownership, with Milan, Inter, Roma, Fiorentina, Atalanta, Parma and Hellas Verona among those with American majority owners. After selling AC Milan in 2017, Silvio Berlusconi downsized and bought nearby Monza, the hometown club of his right-hand man Adriano Galliani. It was a retirement project for both and they were able to take Monza from Italy's third tier all the way up to the top flight. Berlusconi's death in June 2023 spelled time, however, for this particular indulgence. The rest of the family is passionate about football but never to the same extent as Berlusconi and Galliani. Monza have been up for sale ever since, and the takeover by Beckett Layne Ventures marks the end of an era. Few people have changed football like Berlusconi. ()
Yahoo
01-07-2025
- Business
- Yahoo
Berlusconi family sell Monza football club to US investment fund
Monza fans wave a flag emblazoned with the image of flamboyant former owner Silvio Berlusconi (Piero CRUCIATTI) The Berlusconi family on Tuesday agreed the sale of Monza, who were relegated to the Italian second division last season, to the American investment fund Beckett Layne Ventures. "Fininvest (the Berlusconi family's holding company) and Beckett Layne Ventures (BLV) announce that they have signed an agreement today for the sale of 100 percent of AC Monza's share capital to BLV," a joint statement read. Advertisement "The transaction provides for an initial transfer of 80 percent of the shares by this summer, with the remaining 20 percent to be transferred by June 2026." The cost of the transaction was not specified, but according to Italian media, Beckett Layne Ventures will pay 45 million euros ($52 million), including 15 million euros to cover the Lombardy club's debt. Flamboyant former Italian premier and businessman Silvio Berlusconi, who died in June 2023, took control of Monza in September 2018. Berlusconi had previously owned AC Milan from 1986 to 2017, using his immense wealth to turn the debt-ridden club into a European powerhouse. Under his leadership, Monza played its first season in Serie A in 2022-23. Advertisement The club remained in the top flight for three seasons before being relegated in May after a disastrous campaign that ended with 18 points, 26 defeats, and only three wins. Beckett Layne Ventures are an investment fund specialising in sports and entertainment led by Brandon Berger, formerly in charge of marketing operations for English club Chelsea. The acquisition is a further illustration of the interest American investors have in Italian football. Eight of the 20 clubs that competed in the 2024-25 Serie A season -- Atalanta, Fiorentina, Inter Milan, AC Milan, Verona, Venezia, Parma and Roma -- have American owners. jr/dar/ea/mw
CNA
01-07-2025
- Business
- CNA
Italy's Berlusconi family sells Monza to U.S-based fund Beckett Layne
MILAN :The Berlusconi family has agreed to sell soccer club AC Monza to U.S.-based investment firm Beckett Layne Ventures, it said in a statement on Tuesday, marking the end of an era for one of the big backers of the sport in Italy. The deal values the club, relegated from Serie A last season, at about 45 million euros ($53 million) including debt, according to a source with knowledge of the matter. The sale signals the Berlusconi family's retreat from soccer, following the death in 2023 of Silvio Berlusconi, the four-time Italian Prime Minister and media tycoon. Silvio Berlusconi, who previously owned seven-time European champions AC Milan, took over Monza in 2018 when they were playing in Italy's third-tier in a deal reportedly worth just 3 million euros. Led by former AC Milan executive Adriano Galliani, Monza, a city just north of Milan, secured their first Serie A promotion in 2022 but finished in last place last season. That relegation forced Fininvest, the holding company of the Berlusconis, to write down the club's book value by 70 per cent to 30 million euros. Under the deal, Beckett Layne Ventures will acquire an 80 per cent stake in the club, with Fininvest initially retaining a 20 per cent holding before a full exit by June 2026. Since Berlusconi took over the club, Monza have racked up losses of 270 million euros. In 2024 alone, the loss was 48 million euros. Monza is the latest Italian soccer club sold to a U.S. investor. Top flight clubs Inter Milan, AC Milan, Roma, Parma, Fiorentina and Hellas Verona are all controlled by U.S. owners. ($1 = 0.8502 euros)
Bloomberg
01-07-2025
- Business
- Bloomberg
Berlusconi Family Sells Monza Football Club to US Sports Adviser
The heirs of the late tycoon-turned-politician Silvio Berlusconi sold the last football club within the empire started by their father. The family holding firm Fininvest reached an agreement with the US sports adviser Beckett Layne Ventures for the sale of AC Monza, according to a statement. Fininvest also controls MFE-MediaForEurope NV, Italy's main commercial broadcaster, and holds a stake in financial services provider Banca Mediolanum SpA.
USA Today
20-05-2025
- Sport
- USA Today
Watch AC Milan vs. AC Monza Online: Live Stream, Start Time
Watch AC Milan vs. AC Monza Online: Live Stream, Start Time AC Milan currently resides in the upper half of the league at ninth, while its opponent AC Monza is in the bottom half at 20th. AC Milan lost its last game 3-1 against AS Roma away from home on May 18. Roma outshot AC Milan by a margin of 14 to 11. AC Monza suffered a 3-1 home defeat to Empoli FC in its last match on May 18, even though they outshot Empoli FC eight to seven. Before this matchup, here is everything you need to get ready for Saturday's Serie A action. Watch AC Milan vs. AC Monza online Match Day: Saturday, May 24, 2025 Saturday, May 24, 2025 Match Time: 2:45 PM ET 2:45 PM ET Stadium: Giuseppe Meazza Giuseppe Meazza Live Stream on Paramount: Watch Serie A on Paramount Plus! For more soccer coverage, check out our new website Pro Soccer Wire. Serie A odds and betting lines Soccer odds courtesy of BetMGM Sportsbook. Odds updated Tuesday at 3:41 AM ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub.
