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AC Milan post worst ever financial deficit

It’s been revealed that AC Milan were €146 million in the red during the year that ended on 30th June 2019.

This is the biggest ever financial loss for the San Siro outfit has ever recorded, up from €126 million the year before.

American Hedge fund Elliott seized the club from Chinese businessman Li Yonghong in July 2018, meaning that this financial period is almost exclusively covered by the current ownership.

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