Associazione Calcio Milan (Italian pronunciation"assotSat'tsjo'tsjo'mi) often referred to by the name AC Milan or simply Milan is a professional soccer club located in Milan, Italy, founded in 1899. The club has played for its entire existence apart from the seasons of 1982-83 and 1980-81 in the top division in Italian soccer that is also known as the Serie A since 1929-30.
AC Milan's record of 18 FIFA as well as UEFA awards is the fourth-highest from any team (joint with Boca Juniors) and is the top among every Italian club. Milan has been awarded a joint record of three Intercontinental Cups and one FIFA Club World Cup and seven Champions League and European Cup championships (Italian record) as well as it has won the UEFA Super Cup a joint record five times and also the Cup Winners' Cup two times. With 19 league titles, Milan is tied as the second most successful club in Serie A with local rivals Inter Milan (also with 19 league titles), behind Juventus (36 League titles). They also had the honour of winning their own Coppa Italia five times and they have also won the Supercoppa Italiana seven.
Milan's home matches play on San Siro, which is also known as Stadio Giuseppe Meazza. The stadium, located in the same area as city rivals Internazionale which is the largest in Italian football, having 75,923 spectators. The club has a long-running rivalry with Inter which they play in their annual Derby della Madonnina and it is one of the most watched derbies in football.
The club is among the most wealthy in Italian as well as world football. It was the founding member of the now defunct G-14 group of Europe's most prestigious football clubs and its successor with that of the European Club Association.
AC Milan was founded as Milan Foot-Ball and Cricket Club in 1899 by English expatriates Alfred Edwards and Herbert Kilpin. The club claims to have founded on 16 December as the date they founded their club however the evidence from history suggests that it was established a few days earlier, probably on the 13th day of December. But, due to the charter of the club being lost the exact date is subject to debate.
In honor of its English origins, the team retains its English version of Milan's city name in contrast to its Italian name, Milano Milano, which it was forced into in the fascist regime. Milan took its first Italian champion at the age of the year 1901 and then two more successively between the years 1906 1907 and 1907.
It was 1908 when Milan was divided in 1908 that was caused by internal conflicts concerning the signing of foreign players. This led to the creation of another Milan-based club, F.C. Internazionale Milano. In the aftermath of these incidents, Milan did not manage to secure one domestic title until 1950-51.[9 The 1950s saw Milan rise up to the top ranks in Italian football, led by the legendary Gre-No Li Swedish trio of Gunnar Gren, Gunnar Nordahl and Nils Liedholm. It was one of Milan's most successful times domestically and internationally, including the Scudetto being awarded to Milan in 1953, 1955 1959, and 1962. It was in 1963 that Milan was awarded its very first European title when it beat Benfica at the final of the European Cup. The victory continued during 1969 when Milan won the team winning 4-1 against Ajax during final that then led to winning the Intercontinental Cup title the following year. The time was also a period when Milan also was the first to win the Coppa Italia, with victory against Padova in the final in 1967 and the European Cup winners' cup twice during the years 1967-1968, and 1972-1973.
Milan achieved the 10th league title in 1979, when Milan won a tenth league title however, following the departure from Gianni Rivera during the same season it entered an era of decline. The team in the year 1980 was implicated with an incident known as the Totonero incident and, as a result, was was relegated to the Serie B for the first time in the history of the club. The scandal revolved on a betting syndicate that paid officials and players to alter the outcomes of games. Milan was promoted into Serie A on the first try and won their 1981-82 Serie B title, but they were then relegated after the team concluded the 1981-82 season in the third position. It was in the year 1983, Milan won the Serie B title for the second time in the span of three seasons before returning back to Serie A, where they finished sixth at the end of 1982-84.
20 February 1986 was the date that the entrepreneur Silvio Berlusconi (who has control of Fininvest Mediaset and Fininvest Mediaset) purchased the team and protected it from going bankrupt after investing huge sums of money. He also appointed new manager Arrigo Sacchi as the manager of the Rossoneri and signing Dutch internationals Ruud Gullit, Marco van Basten and Frank Rijkaard. The Dutch trio provided an aggressive edge to the team and also complemented the team's Italian nationals Paolo Maldini, Franco Baresi, Alessandro Costacurta and Roberto Donadoni. Under the leadership of Sacchi, Milan won its first Scudetto in nine years during its year 1987-1988. The next year, the team was awarded the very first European Cup in two decades, defeating Romanian team Steaua in Bucuresti by a score of 4-0 during final. Milan retained their title with a 1-0 win over Benfica a year later and was the last team to win back-to-back European Cups until Real Madrid's victory in the 2017 season. The Milan team from 1989-1990 was dubbed the "Immortals" by the Italian media was named the most successful club side ever in an international poll of experts carried out by World Soccer magazine.
After Sacchi quit Milan in 1991 He was replaced in 1991 by former Milan player Fabio Capello. The team was able to win the club's three successive Serie A titles between 1992 between 1992 and 1994, a period that saw a 58-match winless streak through Serie A (which earned the team the title "the Invincibles"), and back-to-back UEFA Champions League final appearances in 1993 1994, 1993 and 1995. After losing 1-0 against Marseille during the 1993 Champions League final, Capello's squad reached its peak during one of Milan's most memorable games ever the famous 4-0 victory against Barcelona at 1994's 1994 Champions League final. Capello's team would go to claim in the the 1995-1996 league title before leaving to run Real Madrid in 1996. Then, in 1998-99 after two years declining, Milan lifted its 16th title in the club's century-year celebrations.
The next phase of Milan's success was from another player who was a former one, Carlo Ancelotti. After his appointment in November 2001, Ancelotti took Milan to the 2003 Champions League final, where they defeated Juventus winning on penalties this club's 6th European Cup. The team then won the Scudetto in 2003-04 before reaching the 2005 Champions League final, where they were beaten by Liverpool on penalties despite being ahead 3-1 at half-time. The following year they met once more during the 2007 Champions League final, which ended with Milan beating Liverpool 2-1 to claim the trophy for the seventh time. The team also was awarded their initial FIFA Club World Cup in December 2007. In 2009, after becoming Milan's second longest serving manager with 420 matches overseen, Ancelotti left the club to take over as manager at title="Chelsea F.C. ">Chelsea.
At the time it was also involved during that time, the club was involved in the Calciopoli controversy in which five teams were accused of rigging matches through the use of referees with favorable ratings. A police investigation ruled out the involvement by Milan managers, however, it was the Italian Football Federation (FIGC) independently decided that it had enough evidence to indict Milan vice president Adriano Galliani. The result was that Milan was initially penalized with a 15-point deduct and was barred from participating in the 2005-07 UEFA Champions League. A re-appeal saw the penalty decreased to eight points that allowed Milan to keep the Champions League participation.
After the events of Calciopoli, local rivals Internazionale had a dominant performance in Serie A, winning four Scudetti. But with the assistance of with a formidable squad featuring players like Zlatan Ibrahimovic Robinho as well as Alexandre Pato along with many of the veteran players who played for the team during the middle of their European achievements, Milan recaptured the Scudetto in the 2010-11 Serie A season, their first since 2003-04 and finishing 18th overall.
After the Scudetto, the club's performance deteriorated. The club failed to reach European tournaments for several years. Fininvest the holding company for the club, also has signed an agreement in principle in 2015 with Bee Taechaubol to purchase a 48% in the team to the tune of EUR480 millions in the year 2015. The deal came after the net deficit of EUR91.3 million during the 2014 financial year , and a subsequent financial contributions from Fininvest. However, the deal fell apart.
On the 28th of June, the year 2016, Vincenzo Montella was hired as manager.
On August 5, 2016 a new preliminary agreement was concluded with an Chinese investment management firm Sino-Europe Sports Investment Management Changxing Co. This was the day that Fininvest purchased 99.93 percent stake in Milan for around EUR520 million, which included the rehabilitation of the club's and financial obligations of EUR220 Million. On April 13, 2017, the transaction was finalised which meant that Rossoneri Sport Investment Lux became the new owner of the team. In order to conclude the agreement, American hedge fund Elliott Management Corporation provided Li with a loan amount of EUR303M (EUR180M to make the loan for Fininvest and EUR123M given directly to the club directly). On the 10th of July, the 10th of July, Li was unable to stay the loan payment schedule, failing to make a payment of EUR32 million at the time he was due to repay the EUR303 million loan debt that was owed by the American hedge fund. The result was that in July 2018, the chairman of Li Yonghong's investment vehicle Rossoneri Champion Inv. Lux. has been removed from the position of sole shareholder of Rossoneri Sport Inv. Lux., the direct parent company of the club. This makes the investment vehicle controlled by Elliott Management Corporation the sole shareholder of Rossoneri Sports Inv. Lux.
On the 27th of November, 2017 Montella was fired for poor performances and was replaced by the former teammate Gennaro Gattuso. Milan had qualified for to play in the season 2018-19 UEFA Europa League Group Stage following a 6th place finish on the table in the 2017-18 Serie A season, however, they were barred by UEFA from participating in European competition because of violations in the Financial Fair Play rules for failing to reach break-even. Milan challenged the decision of the Court of Arbitration for Sport and was ruled in favor of on the 20th of July, 2018.
In Gattuso's debut season as manager, Milan exceeded expectations and enjoyed a lot of time in the top four. Even though they won their final four matches, Milan missed out on the Champions League by 1 point and finished 5th with an average of 68 points. Following Milan's inability to be able to participate in this year's Champions League, Gattuso resigned as manager. On the 19th of June, 2019 Milan signed ex- Sampdoria director Marco Giampaolo on two-year contract. On the 28th of June, 2019 Milan had been excluded from participation in the 2019-20 UEFA Europa League for breaking Financial Fair Play regulations for the seasons 2014-2017 and 2015-2018.
After just four months as the manager, Giampaolo was sacked after losing four of his initial 7 games . This was caused by his poor performance and insecurity among the supporters. Stefano Pioli was appointed as his replacement. Following the return of Serie A campaign due to the COVID-19 outbreak, Milan went on a 10-match unbeaten streak and won 7 matches during the streak, including games with Juventus, Lazio and Roma. The streak resulted in Milan abstaining from employing the legendary Ralf Rangenick as the new sporting director and manager instead, and instead, Pioli was given a new contract for another two years. After a great start to the 2020-21 Serie A, which was an extension of the final season of the previous season and then a period that were inconsistent throughout the year, Milan under the leadership of Pioli in his debut season saw an overall second place finish in the league, which was the best finish of the squad since their 2012-2013 Serie A, where the team also placed second. their finish saw them get into their 2021-22 UEFA Champions League for the next season. This would be their first participation at the UEFA Champions League in seven years since their last appearance in the 2013-14 UEFA Champions League.
Milan achieved the 19th Italian championship in the final round in the 2021-22 season by achieving the club record score at 86. This was their first league championship in their title in the 2011-11 campaign. At the Serie A Awards, Rafael Leao was named the league's most important footballer, Mike Maignan as the top goalie and Pioli as the coach of the season.
At the beginning of June 2022 RedBird Capital Partners agreed to purchase A.C. Milan at $1.3 billion. Meanwhile, Elliott Management Corporation would keep the minority stake.
The red and black colors are the two colours that represent the club throughout the entirety of its existence. They are the colours that symbolize the players' ferocious enthusiasm (red) as well as the opposition intimidation to their club (black). Rossoneri is the team's most widely popular nickname, literally translates to "the blacks and reds" in Italian in reference to the colours of stripes that are on the jersey.
Another nickname that is derived from the colours of the club one of which is "the Devil. A red devil was used for Milan's logo in the past along with the Golden Star for Sport Excellence located right next to it. Like the customary badges in Italian football the star that is above the logo was presented to the club following its win of 10 league titles in 1979. In the past Milan's badge was the flag of Milan that was initially an emblem of the Saint Ambrose.[61The current badge that is used today symbolizes the colours of the club as well as that of Comune di Milano, with the word ACM in the upper left, and the year of the foundation (1899) at the bottom.
Black socks and white shorts are generally worn on the strip that is home. Milan's strip for away games has been white. It is considered by both the fans and the club to be a lucky strip in Champions League finals, due to the fact that Milan has won six finals out of eight in an all white strip (losing only to Ajax in 1995 and Liverpool during 2005) in 2005, and won only one of three times in the strip that is home to them. A third strip which is seldom used, changes every year and is mostly black with red trims during recent years.
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Period | Kit manufacturer | Shirt sponsor | |
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Brand | Company | ||
1981–82 | Linea Milan | Pooh Jeans | Italiana Manifatture |
1982–83 | NR | Hitachi | Hitachi Europe |
1983–84 | Cuore | ||
1984–85 | Rolly Go | Oscar Mondadori | Arnoldo Mondadori Editore |
1985–86 | Gianni Rivera | Fotorex U-Bix | Olivetti |
1986–87 | Kappa | ||
1987–90 | Mediolanum | ||
1990–92 | Adidas | ||
1992–93 | Motta | ||
1993–94 | Lotto | ||
1994–98 | Opel | General Motors | |
1998–06 | Adidas | ||
2006–10 | Bwin | ||
2010–18 | Emirates | The Emirates Group | |
2018– | Puma |
Kit supplier | Period | Contract announcement |
Contract duration |
Value | Notes |
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Adidas | 1998–2018 | 9 October 2013 | 2013–2018 | €20 million per year | Original contract duration: 2013–2023 Contract prematurely terminated by mutual consent at the end of the 2017–18 season. |
Puma | 2018–present | 12 February 2018 | 2018–present | Between €10 million and 15 million per year |
The stadium of the team is the 75,923-seat San Siro, officially referred to in the official name of Stadio Giuseppe Meazza in honor of Meazza, a Former player who was a part of the club in both Milan as well as Internazionale. The name that is more popularly used, "San Siro", is the name given to the area in which it is situated. San Siro has been the residence for Milan since 1926 the time it was constructed with the help of Milan's then president, Piero Pirelli. The construction was completed by 120 people and took 13 1/2 years to finish. The stadium was the property of this club up until the time it was transferred to the City in the year 1935 and, since 1947, it was shared with Internazionale as the major Milanese club was accepted as a joint tenants.
The first match played in the stadium was 19 September 1926, and Milan was defeated 3-1 in a friendly game against Internazionale. Milan was the first club to play a league game at San Siro on 19 September 1926, and lost 1-1 in a game against Sampierdarenese. From its initial capacity of 35,000 people The stadium has been through numerous major improvements including in preparation in preparation for the 1990 FIFA World Cup when the capacity was increased to 85,700. The stadium was then covered by a roof made of polycarbonate. In the summer of 2008, the capacity was reduced to 80,018, which was in line with the standards of UEFA.
Modelled in the English model of stadiums, San Siro is specifically designed specifically for football games unlike several multi-purpose stadiums for Serie A. This is why it is famous throughout Italy for its great atmosphere at matches, mostly because of the proximity of the stadium close to the pitch. The widespread utilization in the use of flares by fans adds to the atmosphere however this practice can cause difficulties.
On the 19th of December, 2005 Milan Vice-President, Executive Director and vice president Adriano Galliani stated that his club is looking at a move. The stadium he announced will largely be based in the Veltins-Arena which is home to Schalke 04 in Gelsenkirchen and will be built to the same standards as soccer stadiums in Germany, the United States, Germany and Spain. Contrary to the majority of stadiums in Italy the Milan's stadium will likely be a football stadium only with no track for athletics. On the 11th of December, 2014 Barbara Berlusconi announced a proposal to construct a stadium that will have 42,000 seats. Portello located behind the new headquarters of the Rossoneri as well as the huge area known as the "Piazza Gino Valle". The village, which includes hotels and shopping malls is situated near the CityLife district , and it is accessible by metro. subway. The 20th September of 2015 was Silvio Berlusconi declared an end to his team's plans to construct a new arena in Milan. In 2017, the newly appointed director of operations Marco Fassone stated that the club might consider staying at San Siro San Siro or moving to another stadium. The management of the club highlighting the necessity of increasing the average attendance at home matches.
Milan is among the clubs with the highest support in Italy according to research carried out by Italian newspaper La Repubblica. The past was that Milan was a favorite of the city's poor. In contrast Inter Milan's crosstown rivals Inter Milan were mainly supported by the wealthy middle class. The oldest ultras groups in all of Italian football, Fossa dei Leoni, originated in Milan. The main ultras section within the base of support includes Brigate Rossonere. Milan ultras never been a particular political group However, the media have typically portrayed them as part of the left-wing until recently in the time of Berlusconi's presidency, which changed the perception.
Based on a study conducted in the year 2010, Milan has the top position as the best popular Italian soccer team across Europe and 7th overall with more than 18.4 million supporters. It had the thirteenth highest average attendance of European football clubs during the 2019-20 season, behind Borussia Dortmund, Bayern Munich, Manchester United, Barcelona, Real Madrid, Inter, Schalke 04, Tottenham Hotspur, Celtic, Atletico Madrid, West Ham United and Arsenal.
Genoa fans think Milan an unpopular rival following the murder of Genoa supporter Vincenzo Spagnolo was stabbed to death by an Milan fan in January 1995. The most significant rivalry of Milan however is with Inter Milan, its neighbor club. Inter Milan, which both teams play in the much-anticipated Derby della Madonnina twice per Serie A season. The name derby is in reference to the Holy Virgin Mary, whose statue is atop Milan Cathedral is one of Milan's most popular landmarks. The derby usually has an atmosphere of excitement, with many (often hilarious as well as offensive) banners displaying before the game starts. flares are often present and can add excitement however, they've also led to problems, for example, the decision to cancel the second game of the 2004-2005 Champions League quarter-final match between Milan and Inter on the 12th of April, 2005, following an erupting flare into the air by an Inter fan struck Milan goalkeeper Dida on the shoulder.
The rivalry with Juventus F.C. The match is an ongoing rivalry between two of the teams with the highest acclaim in Italy. The game also involves two clubs with a more fans as well as the ones with the highest turnover and values in Italy. The clash of Milan and Juventus are regarded as the title match of Serie A, and both teams often fought to be at the top of the league, and were sometimes important in the decision to award the title. Milan also has competitions against Roma as well as Napoli.
Milan is one of the most successful clubs in Italy, having won a total of 30 domestic honours, in addition to their continental successes. Milan has earned the right to place a star on its jersey in recognition of the fact that it has won at least ten scudetti. In addition, the club is permanently allowed to display a multiple-winner badge on its shirt as it has won more than five European Cups.
Type | Competition | Titles | Seasons |
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Domestic | Serie A | 19 | 1901, 1906, 1907, 1950–51, 1954–55, 1956–57, 1958–59, 1961–62, 1967–68, 1978–79, 1987–88, 1991–92, 1992–93, 1993–94, 1995–96, 1998–99, 2003–04, 2010–11, 2021–22 |
Serie B | 2 | 1980–81, 1982–83 | |
Coppa Italia | 5 | 1966–67, 1971–72, 1972–73, 1976–77, 2002–03 | |
Supercoppa Italiana | 7 | 1988, 1992, 1993, 1994, 2004, 2011, 2016 | |
Continent | European Cup / UEFA Champions League | 7 | 1962–63, 1968–69, 1988–89, 1989–90, 1993–94, 2002–03, 2006–07 |
European Cup Winners' Cup | 2 | 1967–68, 1972–73 | |
European Super Cup / UEFA Super Cup | 5s | 1989, 1990, 1994, 2003, 2007 | |
Worldwide | Intercontinental Cup | 3s | 1969, 1989, 1990 |
FIFA Club World Cup | 1 | 2007 |
Paolo Maldini holds the record for total appearances as well as Serie A appearances for Milan having played 902 official matches played total and 647 appearing in Serie A (as of 31 May 2009, excluding playoff games) which is the All-Time Serie A record.
Swedish forward Gunnar Nordahl scored 38 goals during the 1950-51 season 35 of them were scored in Serie A, setting an Italian football and club record. He then became the Milan's top goal scorer with 221 goals scored for Milan during 268 of their games. He is followed by Andriy Shevchenko with 175 goals over 322 games. He is followed by Gianni Rivera third in the rankings with scores of 164 goals over 658 games. Rivera is the youngest goal-scorer in Milan's history with a goal in a league game against Juventus at just 17 years old.
Famous player Nereo Rocco was the first to advocate catenaccio in Italy was Milan's longest-serving coach and was at the back bench for more than 9 years (in two periods) during the 1960s as well as the in the 1970s. He also won their the first European Cup triumphs. Italian Silvio Berlusconi, the Italian Prime Minister was the owner of the club in 1986 was Milan's president for the longest time (23 years due to a two-year gap between 2004 between 2004 and in 2006).
The first game in which Milan took part was the Third Federal Football Championship which was the predecessor to Serie A, losing 3-0 to Torinese. Milan's largest ever victory was 13-0 against Audax Modena, in a match in the season 1914-15. The team's most crushing defeat was in the league during the 1922-23 season, when Modena was defeated by 0-8 Bologna.
In during the 1992-93 season The club was able to achieve the distinction as the very first club to take home the Serie A title without losing even one game. In the past the only team, Perugia had been able to win without losing a single game during the course of a Serie A season ( 1978-79) however, they ended up finishing second in the league. The Milan's streak of unbeaten games lasted 58 beginning with a 0-0 draw with Parma on the 26th of May, 1991, and concluding with a 1-0 loss at home to Parma on the 21st of March, 1993. This is a Serie A record as well as the third-longest unbeaten run in top flight European football, coming in behind Steaua Bucuresti's record of 104 unbeaten games and Celtic's 68 game unbeaten run.
Since 2007, in addition to Boca Juniors, Milan has been awarded the most FIFA recognized International club championships more than the rest of the clubs in the world, with 18 titles. They were surpassed by Al Ahly SC from Egypt following they won the 2013 CAF Confederation Cup win.
The transfer of Kaka to Real Madrid in 2009 broke the 8-year-old record of world football transfers set by Zinedine Zidane and cost Real Madrid Spanish football club EUR67 millions (about the equivalent of PS56 million). This record, however only lasted for about one month before it was which was broken in the wake of Cristiano Ronaldo's PS80 million transfer to Real Madrid in the year 2009. This record is based on nominal British rates for pound, not adjusted for inflation or the actual price of euros. Madrid purchased Zidane in 2001 for EUR77.5 millions in the year 2001, which was around PS46 million at the time.
Please see below.
As of 1 July 2022
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As of 1 July 2022
There is no player for Out on Loan.
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Further information: List of A.C. Milan players and Category:A.C. Milan players
Further information: List of A.C. Milan players § Club captains
Paolo Maldini holds Milan's appearance record, having played 902 times over the course of 25 seasons from 1985 to 2009. He also holds the records for league and European appearances, with 647 and 168 respectively. Franco Baresi holds the record for Coppa Italia appearances with 97.
Rank | Player | Years | League | Coppa Italia | Europe | Other | Total |
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1 | Paolo Maldini | 1984–2009 | 647 | 72 | 168 | 15 | 902 |
2 | Franco Baresi | 1977–1997 | 532 | 97 | 75 | 15 | 719 |
3 | Alessandro Costacurta | 1986 1987–2007 |
458 | 78 | 116 | 11 | 663 |
4 | Gianni Rivera | 1960–1979 | 501 | 74 | 76 | 7 | 658 |
5 | Mauro Tassotti | 1980–1997 | 429 | 75 | 64 | 15 | 583 |
6 | Massimo Ambrosini | 1995–1997 1998–2013 |
344 | 37 | 101 | 7 | 489 |
7 | Gennaro Gattuso | 1999–2012 | 335 | 26 | 101 | 6 | 468 |
8 | Clarence Seedorf | 2002–2012 | 300 | 25 | 102 | 5 | 432 |
9 | Angelo Anquilletti | 1966–1977 | 278 | 71 | 62 | 7 | 418 |
10 | Cesare Maldini | 1954–1966 | 347 | 9 | 42 | 14 | 412 |
As of 9 October 2020
Position | Name |
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Manager | Stefano Pioli |
Assistant manager | Giacomo Murelli |
Fitness coaches | Loca Monguzzi |
Matteo Osti | |
Roberto Peressutti | |
Marco Vago | |
Technical assistants | Daniele Bonera |
Davide Lucarelli | |
Gianmarco Pioli | |
Luciano Vulcano | |
Goalkeeping coaches | Luigi Turci |
Emiliano Betti | |
Dida | |
Team manager | Andrea Romeo |
As below mentioned.
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On the 13th of April, 2017 Milan was made part to Rossoneri Sport Investment Luxembourg, which purchased 99.92973 percent share in AC Milan S.p.A. from Fininvest. Li Yonghong became the new chairman, and Marco Fassone was appointed the CEO. The other board members on directorships included Roberto Cappelli, David Han Li, Lu Bo ( Chinese: Lu Bo of Haixia Capital), Marco Patuano, Paolo Scaroni and Xu Renshuo. ( Chinese: the Xu Ren Shuo ) But, Li Yonghong's investment vehicle was deactivated in the role of the shareholders of Rossoneri Sport Investment Luxembourg on 10 July following a default in the terms of a commitment to Elliott Management Corporation who lent a substantial amount of cash Li in 2017 in order to finish the acquisition.Other participants in Elliott included Arena Investors and Blue Skye According to reports.
Elliott has appointed a new board directors for both Rossoneri Sports Investment Luxembourg, as well as Milan as well as Milan. The board was appointed by Paolo Scaroni as the new chairman ( Italian: presidente) of the board of Milan and interim CEO. The four former Chinese members of the board as well as ex-CEO Marco Fassone were all dismissed.
Based on the Football Money League released by the consultants Deloitte in 2005-06 timeframe, Milan was the fifth-highest-earning football team in the world, earning an estimated income in the range of EUR233.7 million. But it dropped to eighth place in the 2011-12 season, 10th in 2012-13 and the twelfth position in 2013-14 season. The club is also listed as the eighth highest-income football club worldwide by Forbes magazine in 2014. This makes the club the most wealthy club in Italian football, barely beating the ninth-ranked Juventus by a small margin.
Emirates will be the present main sponsor for Milan's shirt beginning with the 2010-11 season, and continuing until in the season 2019-20. This follows a four-year partnership with Austrian online betting firm bwin.com as sponsor.
In the past, German car manufacturer Opel (owned by General Motors) was a sponsor of Milan over the course of 12 years. For the majority of those 12 seasons, "Opel" was displayed on the front of the shirt however in 2003-04 and 2005-06 seasons, " Meriva" and " Zafira" (two vehicles from the range of cars owned by the company) were on display.
They are provided from Puma. In the past, it was provided by German sporting goods manufacturer Adidas which contract was set to run through 2023. The agreement was signed in the year 2000, making Adidas the sole maker of all kit including training equipment, replica outfits. However, an earlier ending of the contract was announced in the month of October in 2017 and was effective from June 30th, 2018. Prior to Adidas Lotto was the Italian sports firm Lotto made Milan's sportswear.
AC Milan Group made an overall net loss over the last few years, one of the biggest among Italian clubs. It was notable for 2005, a net lost that was EUR4.5 million (separate account) and in 2006, net profit in the amount of EUR11.9 million (mainly resulted from the sales of Andriy Shevchenko) 2007 net loss in the region of EUR32 million and in 2008, net loss EUR77 million and 2009, the net loss was EUR19 million (the decrease in net loss was caused primarily to the Kaka sales Kaka) in 2010 net loss of EUR65 million; and in 2011 the net loss was EUR67.334 million. In 2012 the net loss was EUR6.857 million (contributed to selling Thiago Silva and Zlatan Ibrahimovic). In 2013, the club posted the net loss was EUR15.7 millions (with some help from selling Kevin Prince Boateng and Alexandre Pato Alexe Patoand other players as well as a lower wages.)
In the wake of the total 2.5-year financial report for the reporting periods that ended on December 31, 2015 31, December 2016, and June 30, 2017 (a FFP-adjusted net loss EUR146 millionor EUR121 million over and above the permitted deviation within the regulations), Milan was initially exiled from European events due to a breach of the UEFA Financial Fair Play Regulations. However Milan was able to get the European suspension was waived following the appeal process at the Court of Arbitration for Sport. Milan had been allowed to meet the break-even point prior to the 30th June 2021.
Milan had a team in the Superleague Formula race car series where teams are sponsored by football clubs. Robert Doornbos, formerly driving for Minardi and Red Bull Racing in the Formula One World Championship, drove for Milan in 2008. Doornbos won his first race for the team at Nürburgring, Germany. Giorgio Pantano is driving for Milan in the 2009 season and he has also won races for the team. The team folded in 2010 along with the series in 2011.