AC Milan pick date to convene shareholders meeting

Nima Tavallaey Roodsari
26 ott 2017

Gazzetta dello Sport reports that AC Milan have selected the dates for their annual shareholders meeting to be held to approve the club's fiscal bottom line and budget thus parting ways with the previous owner Silvio Berlusconi's tradition of approving everything by December 31st. The first meeting will be held at 11 am on November 13th whilst the second part of the meeting will be held on November 16th.

Meanwhile, the Milan's Chief Commercial Officer, Lorenzo Giorgetti, spoke with CalcioEFinanza regarding a varoety of decisions that the Rossoneri have made: "The agreement with our new technical sponsors [Puma] is a 5 year deal and will be improved from a financial perspective in comparison with the current one we have with Adidas. We have revised our plans regarding our revenue in China. Therefore we have decided to expand the scope of our activities in the Far East, given that there are other markets, beginning with Indonesia, where Milan have a lot of supporters."

MORE AC MILAN NEWS: FORMER ROSSONERI BOSS MIHAJLOVIC ON THE BRINK?

Il Sole 24 revealed in June that Milan have an initial plan to receive revenues of €90 million from China for next season to see that sum rise to €183 million for the 2018/2019 season with it reaching €225 million by 2021/2022 seasons. This is a very optimistic projection which could be lowered at a later stage.

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