AC Milan’s owners Elliott Management Corporation continue to show signs they are serious about the club getting back to the top, a journalist has claimed.
A statement on the club’s official website last week confirmed that the Milan Board of Directors approved the draft financial statements for the financial year ending 30 June 2020, which will then be submitted to the Shareholder’s Meeting.
Ultimately, the net loss was €195million which is the highest single-year loss that the club have ever made, but the club cite a number of exceptional circumstances as being a driving force, namely the Coronavirus pandemic.
Nonetheless, with it came the revelation from various media outlets that Elliott have inject €140m into the club since July alone in order to help keep the club in good financial health.
Speaking on Sky Italia, Marco Bellinazzo of Sole 24 ore spoke about Elliott’s ownership of Milan, with his comments transcribed by MilanNews.
“Those who fear these foreign owners must realise that they can often be fakes, which in the case of Milan and Inter has not happened,” he said.
“Elliott put 140 million in since July and this is an important signal for the club to return to being a club of top European caliber, and this also passes from qualifying for the Champions League.”