Scaroni: “The decision of UEFA should arrive by the end of the year, the stadium issue is one of our priorities”

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Paolo Scaroni before Milan-Chievo at Stadio San Siro on October 7, 2018. (@acmilan.com)
Paolo Scaroni before Milan-Chievo at Stadio San Siro on October 7, 2018. (@acmilan.com)

Paolo Scaroni has spoken at today’s shareholders meeting about the Rossoneri’s condition with UEFA, confirming it’s very possible that Milan will not be getting money from the Europa League this season.

Milan had a shareholders meeting today to approve the budget for the 2017/18 campaign in which a record-high €126 million loss was recorded.

Chairman Paolo Scaroni spoke during the meeting about different topics.

“The club has lost more than third of its capital,” he said. “However, taking into account that in the months of August and September payments of €170.5m were made, it is proposed to write off the loss for the year as follows: €39.5m by using reserves and the rest using the summer installments. The club has requested and acquired from the shareholder Rossoneri Sport to use a maximum of €96m future capital increase carried out by the majority shareholder. All in order to cover the loss.

“UEFA? We’re waiting for the judging chamber. UEFA can and will implement the suspension of prize money. The judges who barred us from the Europa League have, pending the sentence, have temporarily suspended the revenue that would come from the Europa League. We cannot put tonight’s revenue on the balance sheet, because we’re still awaiting the UEFA ruling.

The UEFA logo at the UEFA headquarters in Nyon on April 13, 2018. (FABRICE COFFRINI/AFP/Getty Images)
The UEFA logo at the UEFA headquarters in Nyon on April 13, 2018. (FABRICE COFFRINI/AFP/Getty Images)

“It is money under warranty, around €2.5m has been withheld. Provisions? We’ve set aside €18m, which is a prudent allocation. There are two areas of risk. One is UEFA. As you know our exclusion from the Europa League was overturned, but it’s not over. Our case has been sent back to the justice chamber, which must give us a penalty commensurate with our transgressions. The decision should arrive by the end of the year. We definitely won’t be cleared, because it’s difficult to make the same court which found you guilty chance its mind. We have some minor allocations.

“Sponsorships? I have no big news to tell you. There are no large incoming sponsors or outgoing ones. This is a subject that’s fundamental for the growth of Milan. There are two mountains to climb. On the one hand sponsorship and merchandising, and on the other sporting results. If the latter doesn’t happen, then sponsors won’t arrive. We’re generating what we did in 2003, 15 years ago. So revenue is vital, and I’m focusing all my attention on it.

Stadio San Siro before Milan-Arsenal on March 8, 2018. (Photo by Catherine Ivill/Getty Images)
Stadio San Siro before Milan-Arsenal on March 8, 2018. (Photo by Catherine Ivill/Getty Images)

“Stadium? Certainly having a modern and efficient stadium is essential for the revenues that are missing at Milan. We’ve taken this problem as one of our priorities. There are many hypotheses being considered, including sharing San Siro with Inter. The degrees of freedom are decreasing, it’s a priority. I would like, by the end of the year, to have made a final decision.

“Milan China? We consider China to be a crucial market. We don’t want to throw the baby out with the bath water. What we’ve done in China so far risks giving us a bad reputation, so we’ve decided to be present in China. We’ve moved our offices from Beijing to Shanghai and started again, to show a clean break with the past. The Chinese market is crucial for us. So China, yes, but in a different way.”

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Baresis Dream
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Baresis Dream

It’s reported that we won’t be receiving any prize money from Europa-nothing league as per FIFA sanctions. Not that there’s much money there anyways, but can somebody explain to me what we gain from this whole thing apart from player-injuries and embarrassing results?

Raven
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Raven

Some mayor say experience, i would say Tv time, every match is a test in which we can see if this average bunch love Milan as much as we do

hachim
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Honestly if we were to stick to the manager and just add a couple of new players in January then I believe we will get top 4. I have been watching most our games this season and we should be a lot higher than we are and a lot of people forget that we have got a game in hand. So a top 4 finish is realistic and geting to the final 16 in europe is too.

GiftedItalian
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GiftedItalian

I see our LW position and LCM position as our biggest problems. After we have sorted these two positions, I think we should add a better replacement for Biglia and our team would be competitive. Also I want to see Caldara with more gametime if he is fit.

Milan Wins
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Milan Wins

“if we stick to the manager”

If you think the “Grinta” is going to last past October, then you are more delusional than one can conceive.

Irrespective of subsequent results, his fate has been sealed as EVERYONE at the club knows he is SHITTIEST manager in Seria A.

Haha!

Right now, it is looking likely that “old-man-Arsen” might be heading to Milano. My preferred choice is Conte of course, but that is unlikely due to his contract ramblings with Chelsea.

Heck, I welcome anyone as long as this man is sacked, pronto!

GRINTA OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Haso112
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Haso112

“There are two mountains to climb. On the one hand sponsorship and merchandising, and on the other sporting results. If the latter doesn’t happen, then sponsors won’t arrive.”

Y’all know what that means right? Nuff said…