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    AC Milan losses about €89 million last year

    But their investments have yet to pay off as they currently sit sixth in Serie A

    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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