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Berlusconi steps down as AC Milan president

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."

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