Milan has announced a loss of 89.3 million euros over 2015 after spending big on players such as Alessio Romagnoli and Carlos Bacca.
AC Milan has recorded a loss of 89.3 million euros ($101.4M) over the financial year 2015, with holding company Fininvest vowing to cover the deficit in its entirety.
The Serie A outfit announced its financial results during Thursday's shareholders' meeting.
"Milan announced a loss of €89.3 million over the financial year 2015 at Thursday’s shareholders' meeting at Casa Milan," a statement on the club's official website reads. "Holding company Fininvest will cover the loss entirely.