It is reported that Silvio Berlusconi will be offered the chance to stay at Milan as Honorary President.

After 30 years in charge of the Rossoneri, Berlusconi is relinquishing control by selling a 99.93 per cent share in the club.

This afternoon, the former Italian Prime Minister posed for pictures with members of the Chinese consortium taking over at San Siro as he prepares to hand over power.

It is reported that Silvio Berlusconi will be offered the chance to stay at Milan as Honorary President.

After 30 years in charge of the Rossoneri, Berlusconi is relinquishing control by selling a 99.93 per cent share in the club.

This afternoon, the former Italian Prime Minister posed for pictures with members of the Chinese consortium taking over at San Siro as he prepares to hand over power.

However, Premium Sport claim that perspective new owner Yonghong Li will offer the 79-year-old the opportunity to retain an interest in the club as Honorary President.

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