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 storied clubs, have accumulated some 500 million euros of losses over the past six seasons, during which time...
Inter, AC Milan Announce Plan To Demolish Iconic San Siro Stadium
Since 1925, one of Italy’s — and the world’s — most icon soccer stadiums, San Siro, has stood stall. After nearly 95 years, the iconic football arena appears to be heading into its final chapter.A.C. Milan’s President, Paolo Scaroni, announced this week that bothInter and A.C. Milan have decided to destroy the iconic stadium within the next few years and build a new, joint stadium right next door. “Everything is proceeding,” Scaroni told La Gazzetta Dello Sport from Lausanne, where the Olympic Committee will on Monday select the host cities for the 2026 Winter Olympic Games. “We will build a n...
Higuain signs for AC Milan as Bonucci returns to Juventus
Rome (AFP) - Argentina striker Gonzalo Higuain on Thursday moved to AC Milan in a three-player swap deal between the seven-time European champions and Juventus that will see Leonardo Bonucci return to Turin after just a season away.Milan signed 30-year-old Higuain on a one-year loan deal worth a reported 18 million euros ($21 million) that gives them the option to buy the striker next summer for a further 36 million euros.Italy centre-back Bonucci has been swapped for promising Mattia Caldara just weeks after Caldara arrived at Juve following his transfer from Atalanta, which was agreed in Jan...