I'm really stunned you guys find this a joke and think he's lying. You see this is not some transfer he can bluff about. These are actual financials he needs to explain to the investors.
So basically we're saying with the 50 mill euro we won on CL...we still recorded a 24 mill loss.
And that is inspite of us not buying huge players. If I remember correctly the stadium issue was settled with us paying more than the merda. And I think it was more that 25 mill. It was closer to 35 or 40 was what I heard. Since it had to be done in double quick time.
Let's not forget Milanello is not cheap to maintain. And player's salaries are really a pittance compared to what their English counterparts earn. We saw the salaries earlier.
And @Bluesummers: Don't read too much into the deficit. What's different in the English club's case, is that they can claim their stadiums as an asset. Milan can't. So essentially we're 700 mill euros less. (IMG:
http://cyrus.medialayer.net/~m1ke/milanfan.com/forums/style_emoticons/default/tongue.gif)
As I see it the possible reasons could be:
1. Lesser TV and stadium revenue.
2. This might sounds funny....but I suspect the taxes being levied on the club might be expensive.
Now the reason, this is being made a huge hue and cry of unlike in the case of Inter is, if rumours are correct, the club genuinely wants to be free of Berlusconi's financial support within the next 10 years. So it is essential to bring in new investors. If Abramovich or Moratti were to go bankrupt, their respective clubs are doomed.
In a sense Milan would be hit, but not too badly.
I have no doubt, that the other Italian clubs though namely Inter and Roma and Juve are doing much worse. Though Juve did earn a pretty dime, selling a lot of their players.