AC Monza
Beckett Layne Ventures acquisition · 1 Jul 2025
- Seller
- Fininvest S.p.A.
- Stake acquired
- 100%
- Control
- Yes
- Reported consideration
- €30m
- Implied equity value
- €30m
- League
- Serie B
- Country
- Italy
- Confidence
- MEDIUM
Buyer profile: Beckett Layne Ventures: clubs owned, where they buy next
Beckett Layne Ventures acquired an initial 100% of AC Monza from Fininvest S.p.A., announced 1 Jul 2025, closing 25 Sept 2025.
Reported consideration was €30m. That implies a 100% equity value of €30m (calculated by us). Reporting placed the club's value at ~€45m. Announced enterprise value was ~€43.2m. ~€15m of debt was assumed or restructured.
Nearest pre-acquisition revenue was €85.7m (FY FY2024 (calendar year to 31 Dec 2024; club reports on calendar year, covering 2nd half of 2023/24 and 1st half of 2024/25 Serie A seasons)), an equity value / revenue multiple of 0.35x.
- Announced
- 1 Jul 2025
- Closed
- 25 Sept 2025
- Stake after transaction
- 100%
- Status
- completed
Reported consideration
What the buyer reportedly paid for the stake
Implied 100% equity value
Calculated: consideration ÷ stake acquired
Reported club valuation
Enterprise value
Only shown when debt/cash near the transaction date is established
Debt assumed / restructured
Primary capital injection
Total announced investment commitment
Commitments are not purchase price and not valuation
Nearest pre-acquisition financial year: FY2024 (calendar year to 31 Dec 2024; club reports on calendar year, covering 2nd half of 2023/24 and 1st half of 2024/25 Serie A seasons)
Revenue
Wages
EBITDA
Net debt
Net income
Fininvest (Berlusconi family holding) signed on 1 July 2025 to sell 100% of AC Monza to Beckett Layne Ventures, weeks after the club finished bottom of Serie A and was relegated. The structure was staged: 80% transferred at the first closing on 25 September 2025 (control passed to BLV; Galliani declined the presidency and left), and the residual 20% on 26 June 2026, days after Monza won promotion back to Serie A via the play-offs.
- Fininvest press release - AC Monza: Fininvest e Beckett Layne Ventures firmano un accordo per la cessione del club ↗Tier 1 · primary company
2025-07-01 · it — “Agreement signed today for the sale of 100% of AC Monza share capital to BLV; first transfer of 80% by the summer, remaining 20% by June 2026; Fininvest keeps board representation in line with residual stake. BLV led by Brandon Berger; Mauro Baldissoni among advisers.”
- Fininvest press release - Fininvest e Beckett Layne Ventures finalizzano il primo closing relativo alla cessione dell'AC Monza ↗Tier 1 · primary company
2025-09-25 · it — “First closing completed 25 Sep 2025 after regulatory approvals; BLV officially takes control with 80% of shares; Fininvest remains at 20%, to be transferred to BLV by June 2026.”
- Fininvest press release - cessione della residua partecipazione del 20% nell'AC Monza (Area Stampa) ↗Tier 1 · primary company
2026-06-26 · it — “Milano, 26 giugno 2026: in line with contractual provisions, Fininvest completed today the sale of its residual 20% stake in AC Monza, ending its shareholding as the team returns to Serie A.”
- AC Monza official statement - Beckett Layne Ventures finalizes the acquisition of AC Monza ↗Tier 1 · primary club
2025-09-25 — “Club statement mirroring Fininvest's: BLV takes control with 80%; statement from partners Brandon Berger and Lauren Crampsie thanking the Berlusconi family and Galliani.”
- Calcio e Finanza - Monza, i dettagli dell'operazione Beckett Layne: c'è anche un bond da 17 milioni ↗Tier 4 · media specialist
2025-09-26 · it — “Citing official documents: equity to Fininvest of EUR 30m for 100%, split 10% (EUR 3m) at signing, 70% (EUR 21m) at closing, 20% (EUR 6m) on acquisition of the final 20% by June 2026. Chain: Beckett Layne Sports I LLC -> Beckett Layne Sports S.p.A. -> Red & White S.p.A. (both Rome). EUR 17m non-convertible bond listed in Vienna 25 Sep 2025, 12% minimum coupon, maturity 2029, subscribed by a Corrum Capital Management vehicle; remaining EUR 4m from BLV's own funds.”
- Il Sole 24 Ore - Il Monza passa al fondo statunitense Beckett Layne Ventures (e Galliani lascia) ↗Tier 3 · media financial
2025-09-25 · it — “Deal based on an enterprise value of about EUR 45m and an equity value of EUR 30m; Chiomenti advised Fininvest, Tonucci & Partners advised BLV. Fininvest cumulative losses on Monza exceeded EUR 240m.”
- La Gazzetta dello Sport - L'annuncio di Fininvest: il Monza è americano ↗Tier 5 · media sports
2025-07-01 · it — “The EUR 45m 'enterprise value' includes EUR 15m of debt assumed by the new owner; Fininvest, after investing EUR 285m, will collect EUR 30m (EV net of debt).”
2025-04-17 · it — “FY2024: Ricavi EUR 85,696,721 (+25.46%); Costi EUR 139,100,979; operating margin -EUR 53,404,258; loss EUR 47,971,892. Fininvest made four capital contributions totalling EUR 51,120,000 in the year. Equity EUR 23,139,049. Sole shareholder Fininvest S.p.A.”
- Calcio e Finanza - Monza, ricavi +25% e il rosso cala a 48 milioni nel bilancio 2024 ↗Tier 4 · media specialist
2025-04-17 · it — “Revenue breakdown FY2024: matchday 5.7m, commercial 17.1m, TV 31.3m, player trading 28m (22.6m capital gains), other 3.6m. Personnel costs 77.9m (58.3m salaries). Total debts 78m incl. 13.5m factoring and 44.1m transfer payables; net financial debt ~13.2m incl. factoring; cash ~350k.”
- ESPN / Associated Press - Galliani, Berlusconi family exit Monza as U.S. takeover confirmed ↗Tier 3 · media news
2025-09-25 — “BLV completed purchase of the second-division club with an 80% stake; 'BLV is paying a reported EUR 30 million ($35 million) for Monza. Financial details of the deal were not announced.'”
- ANSA English - Berlusconi family completes sale of Monza ↗Tier 3 · media news
2025-09-25 — “Fininvest finalized sale of controlling 80% stake in Serie B club to BLV; remaining 20% by June 2026; 'the deal reportedly values the club at 45 million euros.'”
- La Gazzetta dello Sport - Cessione a ostacoli, 'no, è tutto ok': giallo Monza ↗Tier 5 · media sports
2025-09-04 · it — “Total deal value EUR 45m including EUR 15m of debt taken on by the fund; EUR 3m paid so far, EUR 27m outstanding; rumours of payment delays denied by both Fininvest and BLV.”
- Il Giorno - I Berlusconi chiudono il capitolo Monza calcio: ceduto l'ultimo 20% del club a Beckett Layne Ventures ↗Tier 5 · media news
2026-06-26 · it — “Fininvest sold its residual 20% on 26 June 2026, completing BLV's acquisition; BLV led by Brandon Berger, represented by president Lauren Crampsie; club promoted back to Serie A after one season.”
- Calcio e Finanza - Le spese dei Berlusconi per il Monza: quasi 300 milioni di euro in otto anni ↗Tier 4 · media specialist
2026-07-24 · it — “Sale to Beckett completed on a total valuation of EUR 30m; Fininvest spent ~EUR 290m since 2018 (EUR 2.9m purchase + EUR 287.1m capital increases/financing). EUR 12m of capital contributions in 2025 and EUR 2.5m on 10 Mar 2026; FY2025 loss EUR 33m, revenue EUR 72.5m.”