Tiger Fighting October 9th AC Milan officially announced the financial statements for the 2019/2020 season. 虎扑灭10月9日，AC米兰正式宣布了2019/2020赛季的财务报表。
Tiger Fighting October 9th AC Milan officially announced the financial statements for the 2019/2020 season.
Today the AC Milan Board of Directors approved the annual financial statements for the year ending June 30, 2020, and the draft will be submitted to the shareholders meeting on October 28.
AC Milan stated in the announcement:
The financial impact of the sudden outbreak of this year is obvious. Revenues on match days have dropped significantly. At the same time, the commercial revenues of retail departments such as museums, shops, and Milan’s House are also decreasing. In addition, Milan also emphasized that part of the cost of the TV broadcast is attributable to the next season's financial report, and said that being fined for missing the Europa arena also had a negative impact on finances.
In addition, Milan said that Elliott’s continued support can ensure the club’s financial stability and will still allow the team to make important investments. At the same time, Milan is also working hard to reduce the salaries of players and senior management, hoping to introduce cost savings. A more rationalized policy.