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Milan Announce Record Loss of €126m for 2017/18 as Financial Woes Continue

Related Topics: Milan, Silvio Berlusconi, Serie A

Milan's financial struggles have hit a record low, with Forbes reporting that the Italian club announced losses of €126m for the year of 2017/18.

This latest figure is a significant rise on 2016/17's €73m. And, over the last five years, the Serie A side have recorded a total of €460m in losses.

Things had appeared brighter when the club posted their half-year accounts earlier this year, with a six-month loss of €22.3m, lower than their €39.5m for the similar period 12 months prior. But many changes have taken place since these figures were posted.

Yonghong Li's new Rossoneri Sport Investment company took over from long-time owner Silvio Berlusconi in 2016.