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*** Football: Monza Berlusconi loses 31 million, and the Italian League dream has already cost 70 million

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The 2021 budget is in red after the previous one. Covers Fininvest (Il Sole 24 Ore Radiocor Plus) – Milan, May 17 – While the dream of promotion to Serie A still remains, Silvio Berlusconi’s Monza and Adriano Galliani have to deal with another dark red budget. The Fininvest-controlled club will play tomorrow evening the first leg of the Italian Serie B semi-final, where promotion will be at stake in the Lombard derby with Brescia. Meanwhile, however, in recent weeks, a shareholder meeting took note – as Radiocor replayed – taking note of the 2021 fiscal year which posted a loss of $31.2 million. As in previous years, the red color will be completely covered by the partial use of the same amount of the capital payments item found in equity, in practice with the capital previously provided by Fininvest to the club.

It must be remembered that 2021 was another terrible year for all European football from the point of view of the accounts and also in Italy, from the senior series to the coaches, the accumulated losses are huge.

The Berlusconi family’s holding company bought Monza in the fall of 2018, and paid 2.9 million euros and – thanks to significant investments in various acquisitions (including the most recent one), in the Monzello sports center and at the new stadium – relaunched the club. He is first in Serie B, and for two years now, in a close struggle for promotion to Serie A, the dream has been the “Milan Monza derby”, as managing director Adriano Galliani has always said, for 30 years. Years Director of the Rossoneri Club.

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The downside to the club’s rapid growth is the income statement, which was exacerbated – as for all football teams – by Covid, which penalized 2021 (-31.2 million) and 2020, where the loss was 26.7 million. Taking into account the initial investment (2.9 million), commitments for 2018 (1.68 million) and 2019 (9.25 million), Fininvest spent a total of 71.7 million on Monza.

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(Radiocore) 05-17-22 13:34:46 (0360) News 3 NNNN

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