Paolo Scaroni and Ivan Gazidis took questions today as a Shareholders meeting took place.
A Milan Shareholders Meeting took place on Wednesday to approve the financial statements of the 2019/20 season, which ended with consolidated losses of €195m.
At the event, Chairman Paolo Scaroni and CEO Ivan Gazidis took some questions and discussed a few topics.
“We held the meeting on a regular basis, with about 60 shareholders all connected,” Scaroni said according to Milannews.it. “Everything was unanimously approved: both the Financial Statements and the appointment of the Board of Directors.
“As far as the Board of Directors is concerned, we brought to the Board Massimo Ferrari, who is part of the Associazione Piccoli Pzionisti AC Milan [Small Shareholders’ Association]. I have been renewed as Chairman of the Board for the next three years, by unanimous decision.
“The stadium? I am very committed to the stadium project, because it is a key ingredient for the club’s economy. As you would remember, a project was presented back in July. It was approved by the council but then there were some modifications to the submitted project.
“In the next few days, a new project will be presented to the municipal council, which is aware of the essential ingredients, namely to save the remains of the San Siro, by allocating the area of the current stadium to the disposal of non-professional sports. In the new project there is a reduction in volume to 145,000 square meters. We expect the municipal council to examine this new document after the technical offices have evaluated it, so that we can start with the executive planning which is preparatory to the beginning of the construction site. Mayor Sala and Councillor Maran are aware and we have met them often. We are optimistic.”
Gazidis stated the following, as reported by Milannews.it: “The Financial Fair Play? If we qualify for Europe in the 2021/21 season, our next evaluation will take place on October 2021. UEFA will examine the trend of recent years, eliminating the effects of COVID. If the financial trend is positive, we will discuss our path with the rules in place. It would be premature to have discussions now, but with the financial discipline we’re using, also thanks to the strong ownership, we are confident that we’ll arrive at the right path to comply with UEFA rules.
“A Super League? There are many thoughts going on about the so-called Super League. However, the main focus of the football world remains on the development of the existing international competitions and there are no proposals that could lead to a separation with the national leagues. Milan is playing an active role in all discussions on the development of football: our leadership and credibility make us influential and authoritative at the various discussion tables: in Lega Serie A, ECA, UEFA and FIFA.
“Funds for the January mercato? We are going through a positive moment, but the path is still long and challenging. The club has a strong ownership behind it who has faith in planning. We have a clear strategy: to sign of the best talent in the world and make them grow with us. The summer window has just closed and we are satisfied. The sports management led by Paolo Maldini is already gearing up for the winter mercato and we are confident.
“The market? The world of football has recognized, even before COVID, that a more stable mercato would benefit everyone: clubs, players, agents and intermediaries. Personally I’ve always worked hard to bring order and stability and I will continue to do so for the benefit of the world of football, both in Italy and internationally.”