QUOTE (kurtsimonw @ Apr 25 2008, 08:58 PM)
It's not that it's a debt though is it?
How I understand it we've lost 24m this season. When you consider all the gate receipts, shirt sales, sponsors, etc. You'd think that was way more than enough to pay for our squad and the few players we bought in. Even if you include the stadium things,
there's no way we should have lost money this season!How is that ?
QUOTE (fahad @ Apr 25 2008, 05:47 PM)
oh doesent silvio has most of the shares ( i tought he had the whole club) does anyone know what is thepercentage of investors
Yes, Fininvest owns AC Milan club. But like any venture, there has to be investors (mind you these are people who joined Fininvest since 1986). But Silvio has the bigger stake and AC Milan isn't listen in the Italian borsa, rather a part of Fininvests assets.
QUOTE (acid911 @ Apr 26 2008, 12:53 AM)
How I do is, maybe it's our running balance, which is 24m in red. Last year we posted a profit of 1 million which was divided between the share holders. This has nothing to do with our balance, which was probably still in red, and has been for some years. What this means is that if all the shareholders were to withdraw all their money, Milan would be short by 24 million pounds. This isn't as bad as it sounds, though we'll need to see the complete balance sheet and statements up till the current fiscal year for all this to matter.
We don't know how much money is in reserve, and how much is set aside for transfers. (IMG:
http://cyrus.medialayer.net/~m1ke/milanfan.com/forums/style_emoticons/default/unsure.gif)
It could have been much worse. Juventus is still short of millions, and last I heard, Inter's debt was swelling over 200 million nuggets. (IMG:
http://cyrus.medialayer.net/~m1ke/milanfan.com/forums/style_emoticons/default/laugh.gif) So basically, we're running lose for some change, and if this year's figures are posted, I reckon shareholders would suffer a loss for a few cents, for each share they own. No wonder, they're not up for throwing in new financing for buying new players. And honestly, I don't blame them.
Michael Jackson's is at 300 million. (IMG:
http://cyrus.medialayer.net/~m1ke/milanfan.com/forums/style_emoticons/default/laugh.gif) Frankly, it doesn't matter much for someone or something that's famous. They always do find a way. It's the average Joe that suffers.
True ... But then again, where are all these numbers coming from (IMG:
http://cyrus.medialayer.net/~m1ke/milanfan.com/forums/style_emoticons/default/blink.gif)
The club has a debt of around 20M ... It's normal, cuz of several things .. Milan has contracts with sponsors. These sponsors pay bonuses when their partners reach a CL semifinal or final, when their partner is competing for 1st place, etc ... Hence there are other factors that we are not familiar with.