AC Milan will take a strict austerity policy and reduce the Player salaries. Milan generated a loss of 70 million euros in the last fiscal year.
Rome (SID) - the 17-malige Italian soccer champion AC Milan will take a strict austerity policy and reduce the Player salaries. The decision was taken by the Supervisory Board, which is concerned because of the growing indebtedness of the Association, the Italian sports daily Gazzetta reported Thursday dello Sport.
Milan generated a loss of 70 million euros in the last fiscal year. The mountain of debt is to be increased to EUR 400 million. The Player salaries absorb 85 per cent of Milan revenues. "The sales may not grow, therefore we need to reduce Player salaries." "We will sell but no star," said Milan's Managing Director Adriano Galliani.
Because of strict economy course, the dream of Club owner Silvio Berlusconi could burst to undertake in the next season, Cristiano Ronaldo, Real Madrid. "Dreams are always allowed, and sometimes they come true." If we win the next title, we will take one or two top players under contract. "When would join Ronaldo our Squad, that would be a pleasure for everyone", the Italian Prime Minister had said.