MN: Elliott Management have committed over €700m to Milan in loans and investment

By Oliver Fisher -

AC Milan’s owners Elliott Management continue to back the club financially with investments of cash to cover losses and other expenses.

During a meeting this evening the 2020-21 accounts were approved, and MilanNews are reporting that the statements confirm Elliott have injected €500m of capital into the club which, together with the €202m loan not repaid by Yonghong Li raises the total investment to over €700m.

Milan currently have a net worth of €67m which makes them one of the most solid clubs – if not the most solid club – in Serie A from an economic point of view, with other clubs continuing to register huge debts and losses.

The accounts will hopefully continue to improve as well given that the 2020-21 balance factors in the absence of fans due to Covid and the losses in revenue that brings, while fans are now returning to stadiums and the financial situation of football looks to be recovering over time.

READ MORE: 2020-21 accounts break down the €82.15m Milan spent on 12 signings

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