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Berlusconi says he'll remain AC Milan president until team wins again

Stefano Rellandini / Reuters

Silvio Berlusconi isn't going anywhere.

The president of AC Milan has revealed in his new autobiography that he will only leave the club he bought in 1986 once it gets back to winning.

Over the past year, Milan has entertained offers from foreign investors, with Thai businessman Bee Taechaubol negotiating for a 48-percent stake.

Related: AC Milan close to selling 48 percent of club to Taechaubol, says president Berlusconi

But the 79-year-old is not yet prepared to give up the team he built.

"I'm only going to leave when I've won again," Berlusconi said in a new book, titled "My Way," which was serialised in the Italian newspaper La Gazzetta dello Sport. "I've told my children that, when I'm gone, they can sell anything they want, if they would like to, apart from two things: my majority holding in Milan and my house in Arcore."

Berlusconi's love for the team goes well beyond his three decades of ownership. He used to talk about the Rossoneri with his father any chance he could get.

"We would talk about Milan almost every evening when he came home from work. When he would ask me about school and my homework, I'd always try to lead the conversation onto the subject of Milan," he said.

After saving the club from bankruptcy in the 1980s, the media magnate and former Italian prime minister ushered in the most successful era in Milan's history, winning eight league titles and five European crowns in the process.

But Berlusconi slowly cut back on spending, and in the past two seasons, Milan slumped to eighth and 10th place, respectively.

Only this summer did he make funds available, with close to €90 million invested in transfers.

It hasn't quelled outrage from the fans, who continue to protest the club's management.

Taechaubol was expected to rescue Milan from financial ruin, but he still hasn't signed off on any official transfer of shares.

- With translations from ESPN FC

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