MN: Milan schedule shareholders meeting to discusses huge losses

By Oliver Fisher -

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.

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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Tags AC Milan