NEWS
Thursday June 14 2018
Milan shareholders’ meeting tomorrow

Milan will hold a shareholders’ meeting tomorrow, with the budget up to June 30 expected to show a €75m loss.

The last meeting was three weeks ago to approve a capital increase of €40m from owner Yonghong Li.

A new shareholder is expected to come on board to help with the financial burden, but Gazzetta dello Sport reports that person will not be confirmed tomorrow.

The main focus of the meeting will be to approve the budget up to June 30, which is expected to show a loss of €75m, in line with the €73.2m loss last year.

Lawyer and advisor Roberto Cappelli is expected to be present, indicating that there will be an explanation of how the club plans to deal with incoming Financial Fair Play sanctions.

UEFA could throw the Rossoneri out of the Europa League, at which point they’d appeal to the Court of Arbitration for Sport, and Cappelli is expected to explain the strategy.

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