The Corriere dello Sport analysed Milan’s finances and warned they’ll reach June 30 running at a €100m loss for this year alone, €413m over five years.
As the Rossoneri await the verdict of their appeal against the Financial Fair Play penalties, with another UEFA case ready to go for even more violations, the situation remains extremely unstable.
The Corriere dello Sport analysed Milan’s finances and warned they’ll reach June 30 running at a €100m loss for this year alone, €413m over five years.
As the Rossoneri await the verdict of their appeal against the Financial Fair Play penalties, with another UEFA case ready to go for even more violations, the situation remains extremely unstable.
The club is under its third ownership in three years, after Silvio Berlusconi, then Yonghong Li defaulted on his loan payments, meaning AC Milan was effectively repossessed by hedge fund Elliott Management.
Failure to qualify for the Champions League put even more pressure on the finances and the Corriere dello Sport calculates that they are currently running at a loss of €100m for the 2018-19 season.
This is why sales are needed of around €30m by June 30 to take that figure down to slightly more acceptable levels.
The losses have been getting worse and worse over the last five years, from €91m in 2014 to €126m for 2017-18.
Over the period of five years, Milan have been running at a loss of €413m.