Monday, 11 July 2011

AC Milan budget hit by Berlusconi blow

AC Milan budget hit by Berlusconi blow

AC Milan's summer transfer plans have been hit by a €560million fine levelled at club president Silvio Berlusconi.
A Milan court has ordered Berlusconi's company, Fininvest to pay damages to Compagnie Industriale Riuniteafter after finding them guilty of wrongdoing over a 1991 corporate takeover.
Milan vice president Adriano Galliani has admitted that the heavy fine will impact on the club's transfer budget.
"It is something that hits the owners of Milan very hard, as the club is owned by Fininvest," Galliani told Sky Sport Italia.
"Berlusconi will be at the Milanello training ground on Tuesday to meet the squad. I think it will be a good time to talk.
"As for how it affects the future of Milan, this is something president Berlusconi has to consider.
"He loves Milan very much, it is his baby, having saved the club from bankruptcy in 1986 and brought it a lot of success.
"But Milan are already a complete and very competitive squad. We'll see what happens, but the team is fine as it is."
The events come at a difficult time for the Italian Prime Minister, who is currently on trial for the alleged procurement of underage prostitutes.

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