Elliott Management continue to show their commitment to the project at AC Milan through the financial support they are providing, a report claims.
Franco Ordine writes for MilanNews how the Milan shareholders’ meeting took place a few hours before the game against Torino at San Siro on Tuesday night and confirmed the previously circulated figures which showed losses halved from the 2019-20 financial year.
In terms of investments, Elliott have not held back and in fact the American fund have showed the rest of Italian football how it is possible to build upwards while reducing costs. Their commitment to the club in monetary terms must also be highlighted though.
Elliott’s last deposit (injection of capital) was €129.5m, which added to the previous €403.75m makes a total of €533.25m. The shareholder have provided the funds needed to navigate a very difficult period in football due to Covid and the reduced revenues, and they have done so without any problems.