MILAN – The board of directors meeting of A.C. Milan S.p.A, Milan Entertainment S.r.l. and Milan Real Estate S.p.A. have approved the financial statement which came to an end on December 31st 2014.

The overall worth of the production of Gruppo Milan amounts to 233,6 million euro.

The result of the financial statement is a loss of 91.3 million euro.

With similar conditions to previous financial statements, the resulting losses would have been 46,4 million euro, most of which came from the lack of Champions League football for the 2014/15 season. It is worth mentioning that participation in the Champions League for the 2013/14 season generated 35 million euro.

The fact that Gruppo Milan are no longer intergrated into the fiscal financial statements of Finivest and the wages still owed to the technical staff sacked in 2014 amount to the rest of the loss.