AC Milan have scheduled a shareholders’ meeting at the club’s headquarters to discuss the outcome of the 2018-19 financial year, a report claims.
The details of the accounts were revealed last Wednesday and it was not good news for the Rossoneri, with losses of around €155.9million which represents an increase from 2017-18 under Yonghong Li’s reckless ownership.
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Subsequent panic ensued among fans and pundits, which weren’t helped by reports like the one from La Gazzetta dello Sport which claimed that Milan may have to sell a star player in order to offset the damage.
MilanNews.it moved to calm the situation by reporting that Elliott Management have already covered the losses – which were expected by the club’s owners – and that there was actually one major indicator of financial strength.
According to a report from the same outlet, a shareholders’ meeting will be held next Monday at 15:00 CEST at Casa Milan.
During the meeting, the financial year ended June 30 2019 will be discussed, part of which will include the €146m in increased liabilities.
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