AC Milan president Paolo Scaroni has confirmed that Franco Baresi will take up an honorary new role at the club.
As MilanLive reports, the AC Milan Shareholders’ Meeting was held this morning at Casa Milan with the purpose of approving of the financial statements. As was reported weeks ago in the media, the Rossoneri closed the 2019-20 financial year with around €190m in losses, which is a club record but is a situation heavily influenced by the loss of revenues due to Coronavirus.
Club president Paolo Scaroni spoke to reporters who were present at the event and discussed the situation, making an important announcement regarding Franco Baresi as he confirmed that the former captain is the new honorary vice president of Milan.
It comes exactly 23 years to the day after Baresi said goodbye to football in a testimonial match at San Siro, having retired a few months previous at the end of the 1996-97 season.
On the budget itself, Scaroni added: “All approved unanimously, both the budget and the appointment of the Board of Directors.
“We added Massimo Ferrari, who is one of the small shareholders, to the board. I will still be the president for the next three years.”