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The Berlusconi family are considering selling shares in AC Milan. Reuters

The family of former Italian Prime Minister, Silvio Berlusconi, is considering selling a 20% to 30% stake, in AC Milan, said a spokesperson for his daughter and co-chief Barbara Berlusconi.

The Berlusconi family will still have strong ties to the club should any potential deal go ahead, but the spokesperson had only confirmed what Barbara Berlusconi had said at an event.

The daughter of the former controversial Prime Minister told reporters earlier today that the family was looking for a partnership for the football club, and she is set to travel to the USA and the Middle East later this week as she looks to find a suitable investor.

If an investor was to come in from the Middle East, it would follow the trend set by clubs such as Manchester City and Paris St-Germain who have had wealthy backing from the area surrounding the Arabian Gulf in recent years.

The Berlusconi family have been involved in the club since 1986, when Silvio acquired it and saved it from bankruptcy.

Since then, the Italian giants have maintained their status as giants in the footballing world, although this power has waned in recent years as Italian football was hit hard by the global economic crisis.