Related

Article

Milan announce losses

16 April 2014 19:08

Milan have announced a loss of €15.7million for the 2013 calendar year.

The consolidated loss is set to be covered by a €22m investment from Fininvest - a financial holding company owned by the Berlusconi family that holds the controlling stake in the Serie A club.

The club also revealed earnings had dipped from €275.9m to €274m.

A statement on Milan's website on Wednesday read: "The figures relate to all three companies within the Milan Group: AC Milan, Milan Entertainment and Milan Real Estate.

"Accountancy firm Ernst & Young have confirmed that the balance sheet accurately reflects the club's situation.

"The positive tendency as far as wage pressure goes is continuing. The total amount has been reduced from €176.4 million to €144 million while general costs have been reduced by €4 million.

"Earnings have dropped from €275.9 million to €274 million."

Club vice-president Adriano Galliani commented: "The year that this balance sheet refers to is 2013 when we came third in the league and got through the group stages of the Champions League and that was a good year.

"The club is respecting the UEFA Financial Fair Play rules."

Milan have endured a difficult 2013-14 on the pitch - Clarence Seedorf's men are eighth in Serie A - and a failure to qualify for next season's UEFA Champions League will have financial implications.

Sponsored links

Tuesday 26 May

Monday 25 May

22:54
22:32
21:54
21:29
21:24
21:00
20:30
20:27
19:56
19:14
18:51
18:33
18:22
18:03
17:55
17:27
17:06
16:28
16:09
15:26
15:06
14:41
13:54
13:29
13:18
12:58
12:48
12:38
12:35
12:20
11:52
11:20
11:20
10:44
10:35
10:01
09:53
09:24
09:00
08:42
08:41
07:27
06:20
03:35
03:15
02:07
01:57
00:26

Sunday 24 May

23:47
23:23
22:42
21:06
20:59
20:54
20:34
20:30
20:25
20:24
20:07
19:55
19:55
19:53
19:52
19:47
19:45
19:39
19:34
19:33
19:25
19:14
19:11
19:11
19:09
19:03
19:02
19:01
18:49
18:35
18:05
18:02
18:00
18:00
17:59
17:58
17:56
17:54
17:52
17:51
17:51
16:44
16:23
16:02
15:51
14:45
14:44
14:12
13:51
13:47
13:24
12:40
12:34
12:06
11:31
11:06
10:17
09:59
09:38
07:38
06:38
04:12
03:52
02:20
00:45
00:09

Serie A table

# Team MP D P
1 37 +48 86
2 37 +24 70
3 37 +31 66
4 37 +18 63
5 37 +12 61
6 37 +17 59
7 37 +6 55
8 37 +10 52
9 37 -2 51
10 37 +4 49
11 37 -3 46
12 37 -10 46
13 37 -16 45
14 37 -10 43
15 37 -5 42
16 37 -12 41
17 37 -17 37
18 37 -21 31
19 37 -32 24
20 37 -42 18

Facebook