AC Milan should end the financial year of 2021/2022 with a loss between 50 to 60 million euros. The club was able to reduce the liabilities and losses greatly thanks to the guidance and parameters of Elliott management.
The recovery process has done a lot of good to the red and black side of the Milan city. The losses were halved to 96.4 million euros last year also thanks to letting go of Hakan Calhanoglu and Gianluigi Donnarumma who earned a lot and therefore weighed heavily on the balance sheet.
Now, Ivan Gazidis and Giorgio Furlani are optimistic after their meeting with UEFA as Elliott eliminated practically all past debts with just a few ones remaining. This means that now, Elliott, who usually invest in companies, reheals them and sells for profit, could decide to sell the club at a high price which is very tempting.
Elliott, in fact, have invested well over 700 million euros in the Rossoneri club so far which is a high number explained by the big brand image of Milan, the fans, the club's history and that is also why a sale would be set at higher than 1 billion euros.
In actual fact, as reported by Calcio e Finanza, it is not surprising that in recent days rumors have returned about a possible sale of the club. "During the week,
there were rumors about the possible alienation of the club to North American subjects for a value of over a billion. Not having found confirmation, we preferred not to report it. Also because, when asked explicitly, we were told that the Elliott fund has no intention of selling . Unless there are offers that shouldn't be refused", wrote the website.
The plan of Elliott, for now, seems to even make the club's value greater in order to optimise the profitability of the investment. The target now is to focus on the sporting results but also build the new stadium. Selling a club in the future with its own stadium, thus generating its own income, is a huge boost and would mean a better pricetag.
Credit: nuovostadiomilano.com
