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AC Milan losses about €89 million last year
Football
- 29 April, 2016
- 05:28
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Baku. 29 April. REPORT.AZ/ AC Milan have recorded a loss of €89.3 million over the financial year 2015, with holding company Fininvest vowing to cover the deficit in its entirety.
Report informs, the Serie A outfit spent big in the transfer market ahead of the 2015-16 campaign, with the signings of Alessio Romagnoli, Carlos Bacca, Luiz Adriano and Andrea Bertolacci costing in excess of €80m.
But their investments have yet to pay off as they currently sit sixth in Serie A.
"Milan announced a loss of €89.3m over the financial year 2015 at Thursday’s shareholders' meeting at Casa Milan," a statement on the club's official website reads.
"Holding company Fininvest will cover the loss entirely."
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