AC Milan post record 145.9 mn euro loss

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AC Milan post record 145.9 mn euro loss

Milan (AFP) – Italian giants AC Milan, struggling to recapture the glory days of seven European Cups and of their heyday under media magnate Silvio Berlusconi, on Monday posted a record loss of 145.9 million euros ($165 million) for 2018.
The losses, which were some 20 million above 2017, will be covered by majority shareholder, US fund Elliott, which took over the Rossoneri last year after Chinese businessman Li Yonghong defaulted on a loan to buy the outfit.
Milan, one of Europe’s most

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