NEWS
Friday July 28 2017
Pallotta: 'Milan lost their minds!'

Roma President James Pallotta blasted Financial Fair Play rules, as Milan’s transfer strategy “makes zero sense. They didn’t have the money in the first place. They’re losing their minds!”

American businessman Pallotta spoke to Sirius XM FC on Thursday evening and did not hold back his opinions. You can read the rest here and here.

The most controversial portion of the interview was about Milan’s €210m spending spree this summer following the takeover by Yonghong Li.

“UEFA in terms of Financial Fair Play has been a complete ****show for us. We should be the poster boy for turning things around from the previous ownership.

“When you relate it to AC Milan, I have no idea what’s going on there. It makes zero sense. The amount of spending – they didn’t have the money in the first place to buy the team, as they borrowed almost €300m from some people that I know in London, at a pretty high interest rate.

“They are spending, or at least making some significant down-payments, for players and they’re going to have to pay the piper at some point down the road.

“They say it’s about qualifying for the Champions League, but that won’t be enough. When the salary seems about equal to the revenues, I don’t know what the heck is going on. That’s the only one in Serie A who are losing their minds!

“Maybe they have this grand masterplan that we’ll all figure out someday, but the rest of the teams are being somewhat rational.

“If you can explain Milan to me, because I don’t get it…”