CorSera: Milan’s financial recovery under Elliott continues with losses cut by half

By Oliver Fisher -

AC Milan’s financial recovery continued as the accounts for the 2020-21 year showed further signs of recovery after record losses.

This morning’s edition of il Corriere della Sera (via MilanNews) writes that Milan will close the 2020-21 budget with a deficit of €96.4m, which is a loss that has been more than halved compared to the previous year, when the figure was €-194.6m.

The paper remarks how the new Milan of the Elliott Management era are growing on and off the pitch, as demonstrated by the total absence of bank debts and any bonds that must be repaid.

The road back to the old days is long, but it feels like the right one is being taken by the American fund, as it is one that has so far combined positive results on the field with an economic resurgence that was needed to maintain the sustainability of the club moving forward.

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