milan

AC Milan Suffer Record 146 Million Euro Losses – Reports

AC Milan Suffer Record 146 Million Euro Losses – Reports

October 17, 2019 7:56 am

Troubled former Italian footballing giants AC Milan have suffered record losses, according to reports in Italy on Wednesday.

Gazzetta Dello Sport claimed that in the year to June 30, 2019, losses rose by 16 percent to 146 million ($162 million) euros compared to 126 million euros for the same period the previous year.

Gazzetta said the figures were far worse than the predicted loss of 90 million euros.

US hedge fund Elliott took over the debt-ridden seven-time European champions from Chinese businessman Li Yonghong in July 2018.

The club’s absence from European football has had an impact on merchandising and …

AC Milan Sack Coach Giampaolo, Appoint Pioli To Take Over

AC Milan Sack Coach Giampaolo, Appoint Pioli To Take Over

October 8, 2019 6:05 pm

“AC Milan announces it has relieved Mr. Marco Giampaolo from his position as coach of the First Team,” the club said in a statement. “The Club is grateful to Marco for the work carried out and wishes him all the best to come in his professional career.”

Giampaolo replaced former Milan hero Gennaro Gattuso, who had lead the club to fifth

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