Milan & Serie A In Cash Crisis – Galliani

Goal.com said:

The Diavoli have been one of the most active teams on the transfer market this summer, however their ability to splash out vast sums of money has been hit by the failure to qualify for next season’s Champions League.

"The ownership of Milan has always brought certain responsibilities and will continue to do so,” Galliani explained to the Gazzetta dello Sport.

“It's no coincidence that we're facing a revenue loss of about £30 million due to the non-qualification for the Champions League.

"The club has always thought big and continues to do so. Berlusconi has always left me with a great deal of autonomy in management.

“That is why I say that the choice not to go shopping mad is absolutely mine. There are significant economic reasons that have led us to reflect.”

Galliani believes that Milan’s situation is symptomatic of the whole of Italian football, and says that Serie A is now lagging far behind the financial power of England, Spain and Germany.

"I am not exaggerating when I say now that Italian football is in fourth place in Europe behind England, Spain and Germany,” the transfer guru stated.

“Unfortunately we can no longer compete for certain players.

"The fate of our football will continue to suffer unless we change things.

“However I still believe this Milan will be competitive with the signings of Mathieu Flamini and Gianluca Zambrotta, plus the return of Marco Borriello, Christian Abbiati and Luca Antonini, in addition to promoting Matteo Darmian."

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Beninato said:

Serie A attendance this season was at its lowest in the last 15 years or something.

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milan_ist said:

I wonder why Inter is not in cris ?

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DSM said:

At no point in this article did Galliani say anyone is in crisis he just said that they will not pay the stupid wages or transfer fees(don't take any notice of the made up headlines). Also in this piece Galliani said (but not written on Goal.com) that Silvio has basically put forward quite a bit of funds for this summer, but Galliani is not sure what to do with it & is trying to be sensible. Galliani has been making comments like this for years so it is just something he has got in his head.

The attendances are going up again now after the match fixing & Milan's average attendance is a very good 57,000 which is right up their with most clubs.

Milan are one of best run & well off clubs around. Milan's net spend over the last 7 years is around nil interms of transfer fees when you take loans & co-ownerships into it.

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MilanMarkus said:

According to this article from The Telegraph many big clubs have huge debts:

Michel Platini clamps down on clubs in debt
Club Value(£m) Debt(£m)
Man United 919 551
Real Madrid 656 177
Arsenal 612 263
Liverpool 536 348
Bayern Munich 468 0
AC Milan 407 0
Barcelona 400 28
Chelsea 390 0
Juventus 260 13
Schalke 240 115

According to latest figures AC Milan is £24 million in debt. So that doesn't seem too bad compared to Real, ManU or Liverpool. Unfortunately it's true that Serie A is in the shadow of the Premier League at the moment. Fact is that former Thai prime ministers are even buying teams like Manchester City. Let's just hope the Premier League hype will end some day and that investors will turn away, leaving the clubs with massive debts so we'll be able to see a total collapse of the Premier League.

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Beninato said:

I have to agree with him, Serie A attendance this season was at its lowest in the last 15 years or something. Which shows the Serie A is slowly dying in Italy. Along with the fact that we missed the CL this season.

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DSM said:

Attendances rose this year with Napoli/Genoa back in Serie A & teams like Milan etc increasing their attendances. after a bad year with the match fixing.

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Beninato said:

57,000 in a stadium that seats 82,000 in a city of 6 million isn't good. Its pathetic.

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PRIYO said:

This is just another excuse not to buy expensive/star players.

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PRIYO said:

This is just another excuse not to buy expensive/star players.

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Velez Mostar said:

Where on earth did you get these numbers from, your very own wild guessing head?

Milano has 3,8 million - the city itself 1,26. So cut the crap, please.

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Our average attendance is good and it pleases me to see that we've got only minor debt compared to L'pool, Man Utd and Real

I wonder when Platini is going to take action againt these clubs with ENORMOUS debt?

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sLurPPP said:

AC Milan needs more wide business n management.
ex: expand Milan Channel on my Home Cable Network in Indonesia

So I can watch every Milan match.

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sLurPPP said:

AC Milan needs more wide business n management.
ex: expand Milan Channel on my Home Cable Network in Indonesia

So I can watch every Milan match.

Click to expand...

sLurPPP said:

AC Milan needs more wide business n management.
ex: expand Milan Channel on my Home Cable Network in Indonesia

So I can watch every Milan match.

Click to expand...

sLurPPP said:

AC Milan needs more wide business n management.
ex: expand Milan Channel on my Home Cable Network in Indonesia

So I can watch every Milan match.

Click to expand...