Balotelli joined Liverpool for £16 million in the summer after Milan made no secret of their desire to sell the volatile striker.
The Italian international scored a decent number of goals for Milan, but his attitude often left a lot to be desired and he won unfavourable headlines off the pitch.
Milan director Umberto Gandini has stated that the club were delighted to see the back of Balotelli and Berlusconi has taken things further by claiming he never wanted to sign Super Mario in the first place.
"This year our finances have required us to make painful sacrifices, I would say almost heroic. However, there are lots of champions in the dressing room and the base is there. Plus there are no bad apples..."
It was often suggested in the Italian press that Berlusconi was frustrated by Balotelli and he admitted his disappointment when an apparent transfer to Arsenal fell through after the World Cup, so it's little surprise that Silvio wasn't behind signing Super Mario.
Milan paid Manchester City around £15 million for Balotelli in January 2013.
While Berlusconi maintains a degree of control over Milan's decisions, he delegates most responsibility in transfer matters to vice-president Adriano Galliani.