Serie A: Italian footballing giants AC Milan suffer record 146 million euro losses, claim reports

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Troubled former Italian footballing giants AC Milan have suffered record losses, according to reports in Italy on Wednesday.

Gazzetta Dello Sport claimed that in the year to June 30, 2019, losses rose by 16 percent to 146 million euros compared to 126 million euros for the same period the previous year.

US hedge fund Elliott took over the debt-ridden seven-time European champions from Chinese businessman Li Yonghong in July 2018.

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