By Andrea Caropreso
Index
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The Berlusconi family is about to exit football for the second time in eight years, following their departure from AC Milan in 2017. Monza is now close to being sold to an American investment fund which, if the deal is finalized, would further increase the number of U.S. investors in Italian football. The ownership handover could take place in the coming days. Meanwhile, there’s dismay among fans who, after the club’s relegation, hope that the new ownership can bring the planning and liquidity needed to climb back to the top flight.
Sale Figures
The transfer of ownership from the Fininvest group to the Americans is being brokered by Mauro Baldissoni, former Roma executive, who is representing the potential new owners in Italy and could become the new CEO of the Brianza-based club. The American entry into the club is expected to be gradual, meaning they will initially acquire 70% of the shares, moving to 100% within a year.
The deal is reportedly worth around €30 million — Monza’s estimated value following relegation and its most recent financial deficit. On the corporate side, it remains to be seen what role Adriano Galliani will play. A key figure during the Berlusconi era, Galliani served as sporting director but may now step down. The takeover may also involve former player Nicolás Burdisso joining the management team; he previously served as technical director at Fiorentina and is currently without a position.
In any case, the new governance will be led by a management team with a strong Italian presence, preserving the club’s traditions and legacy, while embracing an international future under new ownership.
The Berlusconi Family’s Investments in Monza
In 2018, the Berlusconi family returned to football by acquiring Monza — a way to continue contributing to the sport after years of success at Milan. And they delivered. Monza was purchased while in Serie C for just €2.9 million, and soon after, the club achieved back-to-back promotions to finally reach Serie A. Berlusconi thus celebrated the last great triumph of his presidential career. But how much did Fininvest invest in Monza from 2018 to now?
| Item | Period | Amount (€) | Details |
|---|---|---|---|
| Share purchase | Sept 2018 | 2.9 M | 100% acquisition by Fininvest |
| Capital increases and loans | 2018–2023 | ~159.5 M | Capital injections to cover operational losses |
| 2023 loan | 2023 | 62 M | 2023 alone, with another €17M planned for 2024 |
| 2024 contributions | 2024 | ~17 M | Coverage of 2023 losses |
| Infrastructure investments | 2018–2024 | ≥25 M | Stadium and training center (9 M initially + 2024 renovations) |
| Net losses | 2019–2024 | –≈253 M | Approx. –239 M losses + 2019 deficit, ~–253 M total |
| 2024 balance sheet – revenue/costs | 2024 | Revenue €85.7 M / Costs €139.1 M | Net loss: –€47.9 M |
| Net equity as of 31/12/2024 | 2024 | €23.1 M | Up by €3.2 M thanks to shareholder contributions |
| Total Fininvest investments | 2018–2024 | ~€191–193 M | Capital + operating expenses + infrastructure |
So, between direct investments, transfer market spending, and loss coverage, the Berlusconi family has invested around €200 million in Monza. Now, for the Lombard club, it’s time for a new beginning — it’s time to “tu vuo’ fa l’americano.”
By Andrea Caropreso
