MN: Elliott’s project does not stop despite the lost revenues – Milan’s budget for January

By Oliver Fisher -

Despite the fact the global pandemic has severely damaged the finances within football, AC Milan’s owners Elliott Management are still willing to invest.

According to Anto Vitiello’s latest for MilanNews, it could be one of the poorest January transfer windows in a long time in terms of money spent as some clubs are barely managing to pay players’ salaries and survive until the end of the season.

The crisis triggered by Coronavirus has hit international football but there are also exceptions. Milan have lost a lot of money due to lack of matchday revenue, and the balance sheet is still red to demonstrate that, but Elliott are continuing their project without hesitation.

The ownership is solid and will provide the management with €20million to spend on the January market, and as a result the Rossoneri will be one of the few clubs in Italy to invest this month.

He adds that of that €20m around €15m will go on a centre-back (with Mohamed Simakan seemingly the main target) and €5m on a midfielder (possibly Kouadio Kone). In the last week of the market the management will be ready to seize any opportunities that arise.

READ MORE: The background on Milan’s accelerated pursuit of Kone – their strategy

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