AC Milan's Financial Situation Thread

Dawn

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Clubs in EU having the highest wage bills

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Clubs in EU having the most debt

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http://www.uefa.org/MultimediaFiles/Download/OfficialDocument/uefaorg/Finance/02/42/27/91/2422791_DOWNLOAD.pdf
 

Dawn

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Summer is not yet over but we have spent:
- Over 170m transfer fee + 47m (bonus/obligatory purchase).
- Our wage bill increase more than 60m
- Total money spent on (new) salaries and player amortization annually will be more than 116m


:eek::eek::eek::eek::eek:

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rossonero23

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how does all of this fit in regards to FFP??? :g:
 

joyrider

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Accoring to Il Corriere dello Sport, the new investment fund that will refinance AC Milan's debt to the Elliott group, would be Highbridge, with an agreement about 8 weeks. Highbridge is a big international foundation based in Hong Kong and New york " will function as a bridge to get Milan out of their deep debts, known as Highbridge are in contact with Milan's advisors to study the restructuring of the club's debts."
 

forward

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So, hopefully no more rumors we are broke for another 3 years?

I'll also do everyone a favor and say this - noone would give Milan 400m if there were no financial guarantees from Li.
 

Az.

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On football italia as well:

http://www.football-italia.net/113048/ny-times-milan-takeover-embarrassing

You can shrug this off as "oh noes doom and gloom", but its most likely true. Quite brilliant on Berlu's part though :thumbsup:

The thing that might save us in the end, is our name. Some investor will surely buy us off in 2 years tops, when the Elliot fund puts us on the market.
 

bluenine

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UEFA might reject Milan's revised proposal?

Report: UEFA to reject Milan’s FFP deal
By Football Italia staff

Reports in Spain claim UEFA will reject Milan’s proposal of a voluntary agreement on Financial Fair Play.

The Rossoneri were taken over by a Chinese consortium, Rossoneri Sport Investment Lux, in April led by Yonghong Li.

A big summer transfer campaign followed, with the Diavolo spending over €200m to reinforce Vincenzo Montella’s squad.

Clubs which have recently been taken over can apply for dispensation to extend their Financial Fair Play responsibilities over four years.

However, they must still submit realistic plans to become profitable or face sanctions from European football’s governing body.

Milan submitted accounts to UEFA earlier this month, as they hope to come to a voluntary agreement over their FFP obligations.

This morning’s Marca though is reporting that UEFA are completely unconvinced by the plans, as all the investments have been made based on the sporting success of the Rossoneri.

Given that they’re already 11 points away from the Champions League places, that isn’t seen as being a sensible plan to become profitable.

If UEFA do reject the plans they will have to come up with a new arrangement and possible sanctions for Milan, which could include being barred from European competition.

While this is still unconfirmed it adds to troubling rumours around the club, with the New York Times reporting last week that Yonghong Li is unknown in China, and may not own the mining company which is said to be behind his wealth.
 

jurinius

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Fuck NY Times, all the money on this earth is an evualation of the fortune (estimable resources) you got or you steal. So "Li is a fake businessman" or the remix "Li's brought fake motherfucker cash to buy my AC Milan" I don't care. AC Milan will be back soon with victories. In Li we trust not Happy GTFO.
 

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GreatKalu

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Yeah I think this is all speculation... I think the true owners of Milan are yet to be revealed, but that's become the norm today with a lot of big spenders preferring to remain anonymous.

And even if their speculations turn out to be true, I think the Milan brand as a football entity is well known ... and sooner or later the club will fall in the right hands that will bring us the success Milan fans have become accustomed to.
 

char21

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We are not even in top 20 richest football clubs. Revenue down below 200 million. Inter from 170 to 220 million and in top 20.
 

Wera

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From Inter Forums

They have 15,000 members which is double that of FIF (not sure how many active though), but no one has even posted in their financial thread since January. That's fucking unreal. Every bit of news about Suning, good or bad, is discussed here in great detail and yet the situation over there seems to be ignored in recent months. Unbelievable considering the circumstances.
 

nonsonoqui

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The financial situation is frequently discussed in the Rumour Commode, and people have offered a wide variety of opinions on the topic.
 

fray

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In season 2017/2018 Milan's revenues from sponsorship deals (excluding the two main shirt sponsors) should increase by around 15%, according to Sports Sponsorship Insider.

Milan's Chief Commercial Officer Lorenzo Giorgetti states: "We are working to make our assets more captivating on an international basis. Our new shareholders are helping the club change mentality, to make it clear most of our fans are outside of Italy. In many parts of the world, AC Milan is a brand with a huge legacy and many ambassadors and not just a simple football team."

In recent years Milan's commercial revenues have remained stable, moving from €98.6M in 2011/2012 to €100.8M in 2015/2016. Though this growth appears to be nominal, it can still be considered a success according to Giorgetti.

"2011 was the end of a very long cycle of successes, so there was a lot of respect from the sponsors, in light of what was won by the previous ownership in their best years," Giorgetti illustrated.

"However, the fact that we have not played in the Champions League in recent years has had no impact on sponsorship revenues."

Milan plan to maintain that growth through some drivers for the club partners. For example, the improvement of in coverage and engagement on global level through digital distribution and social media.

"Starting this season, everything about our sponsorship agreements is improving: coverage is increasing, our global audience, all KPIs (key performance indicators) are moving in the right direction," Giorgetti asserted.

List of all Milan's revenues from sponsors:

- Overall Milan are bound with sponsorship contracts with 28 brand, divided into five categories: Main Sponsors, Major Partners, Official Partners, Regional Partners and Technical Supplier.

- The two Main sponsors Adidas and Fly Emirates; the first will pay around €19-20M in their last year of contract (then Puma will take over with a lower base amount but would reach the same amount with bonuses) and the second will pay €17M.

- 10 Major Partners: Banco BPM, Toyo Tires, Snai, TIM, Mediaset Premium, Diesel, Frecciarossa, Gi Group, Nivea and StarCasino. EACH of these agreements has a value between €1M and €2M.

- Nine Official Partners: Alpenwater, AON, Fujitsu, GKFX, Nilox, Konami, Radio 105, Ricoh and DXC Technology. EACH of these agreements has a value between €0.5M and €1M.

- Milan's first Regional Partner, awaiting further developments from China, is betting agency VWin, whose revenues are estimated to be €500K.

- Six Technical Suppliers: Frigerio Viaggi, Limonta Sport, Nutrilite, Sixtus, Technogym and Giorgio Tesi Group.

[Calcio e Finanza]
 

bluenine

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Does anyone have any clue of what Milan's ownership structure is now, post Elliot's takeover of the board? It seems like there was some clause in Li's loan agreement with Elliot that they can convert their loans to shares in case of default (which must have been at a very favourable valuation for Elliot). But I haven't seen any info clarifying this. Anyone has any info?
 

helloAgain

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the whole thing is still confusing. Li mentioned in the letter that he won't allow elliot to drive the value of milan lower. does that mean Li is actually going to get something out of it? or has he completely lost milan?
 

Goodfella

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Ivan Gazidis: €4M/year
Leonardo: €3.5M/year
Paolo Maldini: €1.8M/year
Paolo Scaroni: €0.5M/year

I don't think there is any other club with so many high-earners in the upper management.

Gazidis was one of the best paid CEOs in EPL, in fact there was a big fuss over him earning more than his Liverpool and Chelsea equivalents COMBINED......and he got a raise when he joined Milan...

and then there's Leo who earns almost as much as him.

Even Maldini's salary would put him near the top among CEOs of English clubs. You know, the ones with revenues twice the size of Milan's.


Meanwhile Gazidis and co are on a mission to trim down the wagebill by not renewing with Abate and Zapata.
 

Jasper

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I don't think there is any other club with so many high-earners in the upper management.

Gazidis was one of the best paid CEOs in EPL, in fact there was a big fuss over him earning more than his Liverpool and Chelsea equivalents COMBINED......and he got a raise when he joined Milan...

and then there's Leo who earns almost as much as him.

Even Maldini's salary would put him near the top among CEOs of English clubs. You know, the ones with revenues twice the size of Milan's.


Meanwhile Gazidis and co are on a mission to trim down the wagebill by not renewing with Abate and Zapata.

Anybody got comparison lists? And possible structure comparisons as well?
 
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