Friday October 12 2018
Milan make €126m loss

Milan made a loss of €126m in their one and only year under the ownership of Li Yonghong.

The balance sheet for the period between July 1 2017 and June 30 2018 saw Milan lose €53m more than the previous year.

On the other hand, revenue grew from €212m to €255m, although expenditure rose to €354m, marking a 22.7 percent increase from €273.9m.

The balance sheet, which must be approved by Elliott Management during the Rossoneri’s shareholder meeting on October 25, is the first and last of the Li era.

The Chinese businessman defaulted on a loan he owed Elliott, which has since taken control of the Diavolo.

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