On October 9, Beijing time, the AC Milan club issued an official announcement. According to the financial statements, the 19/20 season club net loss was about 195 million euros.
The AC Milan Football Club’s board of directors today approved the team’s financial statements as of June 30, 2020, and will submit them to the shareholders meeting held on October 28 for review and approval.
In addition to the impact of special external environmental conditions, the club believes that the current financial performance of the team has been significantly improved and meets the club's expectations, and the club will continue to work to comply with the FFP (UEFA Financial Fairness Act). The club and management are united and confident in the future.
除了特殊的外部环境条件的影响外，俱乐部亚博登录官网认为该俱乐部目前的财务状况已得到显着改善，并达到了俱乐部的期望，并且该俱乐部将继续努力遵守FFP（《 UEFA金融公平法》） 。俱乐部和管理层团结一致，对未来充满信心。
Obviously, the reduction of empty games and commercial activities caused by the epidemic, as well as the reduction of retail revenues around the team (museums, shops, Milan House, etc.), have greatly affected the club's financial statements; on the other hand, Due to the fact that many games have been postponed to July and August, some of the revenue from the TV broadcast rights has been allocated to the club's financial statistics for the 20/21 season, which also affected the financial data of this time (as of June 30, 2020 )registration.
Finally, it must be pointed out that the club was banned from participating in the UEFA Europa League last season, and this negative impact on the club will be eliminated in the next fiscal year.
The Elliott Group’s continued support for the club has ensured the financial stability of AC Milan Football Club. The Elliott Group will also make the necessary investments, and this move will be reflected in the near future. At the same time, the team will implement an effective cost rationalization policy, including reducing the salaries of players and team management.