The Financial Situation (25 Viewers)
- Thread starter ReBeL
- Start date
Just to be clear... this 400M new capital is in response to the 320M loss reported for pandemic...
So, do not expect that we have 400M to use in new signings
So, do not expect that we have 400M to use in new signings
Maybe €380M is high given they did spend some money in 2020 for growth but given that the previous capital raise was primarily insurance for the pandemic, there should be a portion of the funds used for growth.
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Disagree. If it had said “pandemic losses for 2021-2022”, I’d have been less optimistic but because they’re including 2019-2022 and we know that the previous capital injection meant for growth was used to deal with pandemic losses, some of this new capital should be allocated to what the original capital raise was for.
From Agnelli: “In January we launched a €300m capital increase that had three targets: maintain sporting competitiveness, increase brand visibility with a medium-term investment plan and financial consolidation. But we used that money in a way we didn’t expect to [due to Covid].”
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From Agnelli: “In January we launched a €300m capital increase that had three targets: maintain sporting competitiveness, increase brand visibility with a medium-term investment plan and financial consolidation. But we used that money in a way we didn’t expect to [due to Covid].”
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I hope that you’re right. It would basically bring us back to the previous pre-covid position and it kinda make sense. We also avoided a financial catastrophe with the plusvalenza deals of Pjanic, Tongya etc.
Either way I don’t expect us to suddenly have a more expensive squad than the previous years. We learned a hard lesson with the high salaries, but lesson learned doesn’t mean problems solved. We still have to find a solution for Rugani, Ramsey, De Sciglio, Bernardeschi etc etc etc.
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Btw we should be really grateful to the Agnelli/Elkann family, and Allegri for being very loyal. Look what happened to Inter; financial difficulties and Conte leaves them immediately, and they sacrificed Hakimi.
If we look to the past with Moratti and Berlusconi who left their clubs with many problems and they sold them to shady foreigners, it makes me realize that we’re in a very lucky position to have a loyal president and a manager who returned despite the difficulties. We were an inch away of becoming the next Milan.
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€10m from Emirates 
https://www.sportspromedia.com/news/ac-milan-news-emirates-sponsor-womens-team-sleeve
https://www.sportzfront.com/ac-milan-takes-e-4-mn-annual-hit-in-emirates-deal-extension/
https://acmilan.theoffside.com/2020...l-sponsorship-deal-with-emirates-acmilan-news
https://football-italia.net/juventus-announce-e400m-capital-increase/
Not sure what that means, but we are still penny-pinching as always and delay buying someone by a month because we can't spend 2m more lol
Not sure what that means, but we are still penny-pinching as always and delay buying someone by a month because we can't spend 2m more lol