GdS: Elliott confirm commitment to Milan – they are willing to invest more

By Oliver Fisher -

AC Milan’s owners Elliott Management have once again reiterated their full commitment to investing in the club and restoring it to an elite level, a report claims.

On Wednesday, it was revealed that the Rossoneri came out of last season with losses of around €155.9million, an increase from 2017-18 under Yonghong Li’s ownership.

However, were quick to point out that Elliott have already covered the loss, and that the key indicator of the improved financial strength is the €119m equity increase from 2017-18.

On Friday La Gazzetta dello Sport dive deeper into the American fund’s plans for the future (via MN), stating that they have committed themselves to rebuilding Milan.

The strong will to build the new stadium is the clearest demonstration of the desire to try and take the club into a new era.

The report adds that Elliott have renewed their willingness to invest, because without a competitive team and in the Champions League it is very complicated to increase revenues, especially from sponsors.

So far, they have already put up the funds for a number of purchases in the mercato, and while the sale of a big player in January could give new life to the rebuild, Elliott know it would not be in line with their growth objectives.

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