Football: AC Milan suffer record €146m losses

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MILAN: Troubled former Italian footballing giants AC Milan have suffered record losses, according to reports in Italy on Wednesday (Oct 16).Gazzetta Dello Sport claimed that in the year to Jun 30, 2019, losses rose by 16 per cent to €146 million (US$162 million) compared to €126 million for the same period the previous year.

Gazzetta said the figures were far worse than the predicted loss of €90 million.US hedge fund Elliott took over the debt-ridden seven-time European

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