AC Milan are set to make a loss of around €70-80million on the fiscal year 2018-19, according to the latest financial reports.
Newspaper Milano Finanza reports on Tuesday morning that the Rossoneri are set to close the current season with yet another substantial loss.
Yesterday, a report from the same outlet suggested that a British fund worth over €60billion had been interested in buying the club, but that the Singer family’s €1bn asking price had put them off.
While the article does does not really go into much detail about the specific figures at play, there is a glimmer of hope.
The current figure does not consider any capital gains made after 30 June 2019, a factor which has been used as a defence by clubs such as Inter and Roma in the past to lower debts.
It is expected that Milan will amass a revenue of around €254million this season, which is in line with last season.
However, Elliott Management are well aware that it is a figure which continues to fall well below operating costs, especially given that the squad in wage terms is the second-most expensive in Italy behind Juventus.