Pierre Kalulu, the president of AC Milan, has recently been in the spotlight due to his involvement in the Italian football club's financial troubles. The Italian Football Federation (FIG) is currently investigating the club and its management for potential violations of the regulations governing football clubs.
2. Financial Crisis:
In June 2019, AC Milan reported a net loss of €77 million ($84 million), which was one of the biggest losses ever recorded by any Italian football club. The club had previously reported a net loss of €55 million ($60 million) in the previous year.
3. Management Struggles:
AC Milan's management struggled with the club's finances, as it faced several challenges such as the COVID-19 pandemic, the ongoing Serie A lockdowns, and the high cost of maintaining a large squad size.
4. Allegri's Decision to Leave:
After struggling financially, AC Milan decided to let manager Claudio Ranieri leave the club early, citing a desire to focus on other areas of the team.
5. Investigations:
The FIG has launched investigations into AC Milan's financial issues and the management's handling of the club's finances. It is unclear when these investigations will be completed,Saudi Pro League Focus but it is expected that they will take place soon.
6. Impact on the Club:
The financial troubles have had a significant impact on AC Milan's operations, with fans questioning the club's decision to let manager Ranieri go early. However, the club has also been able to retain key players and improve its performance, especially in recent seasons.
7. Future Plans:
While the financial troubles may have affected AC Milan's success, the club has shown resilience and determination to continue improving itself. The club has already made progress in recent years, with a strong start to the new season and a strong squad size.
8. Conclusion:
In conclusion, AC Milan's financial troubles have had a significant impact on the club's operations, but the club has shown resilience and determination to continue improving itself. While the financial troubles may have affected AC Milan's success, the club has also shown resilience and determination to continue improving itself.