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Old 30-04-2021, 19:39   #1364
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Join Date: Jun 2011
Location: San Siro

Franco Ordine for is reporting that AC Milan could miss out on the UEFA Champions League spot this season and still be in good financial shape next season as has been repeatedly stated by CEO Ivan Gazidis and President Paolo Scaroni over the course of the year. Milan’s current net debt is 104 million euros which is significantly less than that of Juventus and Inter Milan. Elliot Management - the American owners - have injected 650 million euros since taking over.

Milan closed of the 2020 financial year with a record loss of 194 million euros but this was largely exacerbated by the COVID crisis. Milan missed out on match day revenues for the final 3-4 months of the season including a number of big games. The 2021 financial year is expected to close out with a loss of around 90-100 million euros which is significantly lower showing the constant improvement by the current management.

This means that Milan will be able to make some good investments in the summer transfer window whether or not they qualify for the UCL
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