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Inter01

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Milan receive cash injection
PA Sport

AC Milan owner Silvio Berlusconi will inject 25million euros ($A40.6million) into the Rossoneri this year.

Berlusconi's intentions were announced by Milan vice-president Adriano Galliani during a meeting with the club sponsors in the island of Sardinia.

"Berlusconi will give us 25million euros this year," said Galliani.

The Italian giants, who finished second to rivals Juventus in Serie A, are slowly recovering from last month's Champions League final defeat against Liverpool on penalties.

But the 2004-05 campaign is not considered a failure by Galliani despite the Milan giants finishing empty-handed.

"For our sponsors this has been an exceptional season," he revealed.

Milan currently get 55million euros ($A89.2million) of their 235million euro ($A381.5million) revenue from sponsors but will close the year on a loss.

And Galliani admitted the club are finding it to compete financially with top European clubs like Real Madrid and Manchester United.

"We have to be competitive with England and Spain," he said.

"But I have to say that the Italian system makes it almost impossible because here we cannot protect our merchandising and the Italian law and stadia do not allow us even to open a kitchen at the San Siro."

Updated: Fri, Jun 3, 2005 09:35:40 PM AEST
All photos copyright AAP
 
#2 ·
Fantastic news, now they can buy the players on my wish list in the 'end of an era' thread.
 
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#3 ·
So we are going to spend on new players this summer. Vogel was free, Gila and Jankulovski will cost and Oddo too (if we sign him). Anything more?
 
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#4 ·
I would be interesting to see the complete financial statement. I wonder how much of the 25m will go towards signings and how much will go towards salaries.
 
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#5 ·
True. I welcome the cash from Sivio just the same and hope that no players will get improved salaries either, so we can spend some on new players, cause we need a few more.
 
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#8 ·
HuxFlux said:
The situation is improving.
Click to expand...

Might be right, but being an investigative sort of guy, I'd like to know if you base that on the added CL money from this season, or if you actually have some numbers on the balance of A.C Milan?
 
#9 ·
25m only ?!! what they r gonna do?!!!!!!!!!
 
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#10 ·
its not like milan need big changes. just 2 or 3 players, you have already got one for free and janks is already there. 25 mill on some back up in defence and maybe gilardino.

thats more than enough i think.
 
#11 ·
Right now we are the strongest team in Europe. I hope that this will still be the status quo come August. If Crespo stays and Kaladze goes, we need a new defender that can play on the left side of a 3-man defense.

If Kaladze stays he can still be useful in a 3-4-1-2 if Maldini is out. Crespo has been good for us, but can't we just allow allow the Russian mafia to steal Gilardino from right under our noses... I'm sure they'll be pissed if we land the Italian starlet and will demand not just Kaladze but an unrealistic sum based on his performnces this year. I don't think we should deal on their terms.
 
#14 ·
To go along with our CL earnings and any other departures it should be a nice Injection.If we invest very wisely in which I'm comfortable that we would of course,we should have a nice squad again. :thmbup:
 
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#15 ·
Glen said:
Might be right, but being an investigative sort of guy, I'd like to know if you base that on the added CL money from this season, or if you actually have some numbers on the balance of A.C Milan?
Click to expand...
No, I base that on the fact that the club has been spending very little (for being Milan) on transfers the last two years. The recent CL success is of course a boost to income, but that is nothing that you can put in your budget in advance.
 
#17 ·
this is what Walker from Devilsmania claimed a few weeks ago:

"The meeting of board of directors took place last week! During the meeting the financial report for 2004 was brought up! Milan defict has been brought down from 54,5 mln euros in 2003 to 28,5 mln euros in 2004!!!!Plus Milan has generated an impressive tournover of 271 mln euros!!!!!!"

Don't know where he got it though :)
 
#18 ·
leoshev said:
this is what Walker from Devilsmania claimed a few weeks ago:

"The meeting of board of directors took place last week! During the meeting the financial report for 2004 was brought up! Milan defict has been brought down from 54,5 mln euros in 2003 to 28,5 mln euros in 2004!!!!Plus Milan has generated an impressive tournover of 271 mln euros!!!!!!"

Don't know where he got it though :)
Click to expand...

Interesting. It doesn't sound unreasonable, that the CL made the main difference compared to last season. Probably you also bettered your results on the commercial front.

Still - relating to what HuxFlux said earlier, there's little actual improvement as a company. You have a deficit of alledgedly 28.5million, and that's when you have been relatively low key on the market; were in the scudetto battle all along, and arrived at the CL final.

Moreover - it indicates that Berlusconi's cash injection is once again to cover deficits (which was my point from the off, as people speculated what players should be bought with this money). If you want big purchases, you just have to hope Berlusconi will chip in again, as of course he could well do.
 
#19 ·
Glen said:
Still - relating to what HuxFlux said earlier, there's little actual improvement as a company. You have a deficit of alledgedly 28.5million, and that's when you have been relatively low key on the market; were in the scudetto battle all along, and arrived at the CL final.
Click to expand...
The deficit has been reduced, Glen, which means there is an actual improvement as a company. It looks like it was cut nearly in half. I'd say that's good news; some countries should be looking to Galliani as an example of fiscal responsibility. :tongue:
 
#20 ·
Ruffian said:
The deficit has been reduced, Glen, which means there is an actual improvement as a company. It looks like it was cut nearly in half. I'd say that's good news; some countries should be looking to Galliani as an example of fiscal responsibility. :tongue:
Click to expand...

I trust you know what I mean :D .

If there's a plan to improve Milan's finances, it should hardly be one that see's you take a big loss even when you have a sucessfull season and arrives in the CL final, and haven't added many big transfers.

Anyway - we all know your deficit doesn't reallly matter.

NB: Aca :howler:
 
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