Silvio Berlusconi has formally stepped down as AC Milan president.

Berlusconi was sworn in as Italy's Prime Minister yesterday to head his third government after a resounding victory in the April 13-14 elections.

The law states that the peninsula's leader must not be susceptible to a conflict of interests, forcing Berlusconi to let go of the Rossoneri's reins.

"Having accepted the role of President of the Council of Ministers of Italy, I am forced by law to resign from social posts," Berlusconi states on

"With deep regret I have left the post of President of A.C Milan football club with immediate effect."