AC Milan president Silvio Berlusconi has resigned from his position in charge of the Serie A giants with immediate effect, the club announced on Thursday.
According to Italian law, the 71-year-old has to leave to avoid a conflict of interests when he begins his third stint as Italian prime minister.
It is expected that Berlusconi will hand over the reins to current vice-president Adriano Galliani.
A brief letter from Berlusconi published on the official AC Milan website, www.acmilan.com, read: "The assumption of the role of Prime Minister forces me, in adherence to law 215/2004, to resign from the club responsibilities.
"With vivid regret, therefore, I resign with immediate effect from my role of president and of advisor to AC Milan."
Berlusconi stepped down once before as president of the Rossoneri, in 2004, but re-assumed his position in 2006 when he lost the general election to outgoing Italian prime minister Romano Prodi.
It is expected that Berlusconi will hand over the reins to current vice-president Adriano Galliani.
A brief letter from Berlusconi published on the official AC Milan website, www.acmilan.com, read: "The assumption of the role of Prime Minister forces me, in adherence to law 215/2004, to resign from the club responsibilities.
"With vivid regret, therefore, I resign with immediate effect from my role of president and of advisor to AC Milan."
Berlusconi stepped down once before as president of the Rossoneri, in 2004, but re-assumed his position in 2006 when he lost the general election to outgoing Italian prime minister Romano Prodi.
Copyright (c) Press Association
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