MONZA, Italy (AP) — Monza CEO and Vice President Adriano Galliani is leaving his boyhood club after American fund Beckett Layne Ventures completed the purchase of the Italian second-division club on Thursday.

The closing of the sale — which was agreed in July — also sees the Berlusconi family leave soccer again.

Monza said in a statement that BLV has “officially taken control of the club” with an 80% stake. Fininvest, the Berlusconi’s family holding company, retains a 20% stake but that will be transferred to BLV by next June.

The 81-year-old Galliani said he turned down BLV’s offer of the Monza presidency.

“This morning I communicated to the new ownership, who I sincerely thank for the opportunity, and to Fininvest my decision not to accept the position of Monza president that was

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