Milan have announced an operating loss of €6.9m for the calendar year of 2012.

The board and shareholders meet this afternoon in the city, with the club reporting a loss of just under €7m for the last year.

It is a huge improvement however, on the previous two years. The Rossoneri had a loss of €67m in 2011 and €70m in 2010.

Milan have announced an operating loss of €6.9m for the calendar year of 2012.

The board and shareholders meet this afternoon in the city, with the club reporting a loss of just under €7m for the last year.

It is a huge improvement however, on the previous two years. The Rossoneri had a loss of €67m in 2011 and €70m in 2010.

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