MN: Milan’s transfer plans boosted as accounts improve – big names and opportunities eyed

By Oliver Fisher -

AC Milan are poised to reinforce the squad in the summer transfer window thanks to their much healthier looking accounts, a report claims.

According to MilanNews, the Milan management are beginning to think beyond the contract renewals that must be solved before the beginning of July. The Rossoneri are considering different options which will obviously be based on what European competition that they will play in.

Some big names are on the wish list, but also free transfer opportunities, evolving situations, loans and even sales. All this is further facilitated by the fact that the club’s accounts have shown an important improvement in the last six months which confirms how the financial restructuring of Milan is bearing fruit.

The same source recently reported how Milan’s net debt is €104m, which is just a third of Juve and a quarter of Inter. Elliott Management have inject €650m in capital since seizing control and are a fund worth $43bn. In addition, the 2020 budget closed with a record loss of €194m for Milan, but it is very likely that the next one (30 June 2021) – despite the pandemic crisis – will close at a much healthier figure around the €90-100m mark.

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Tags AC Milan