Gazidis says Milan need to replicate other clubs' business models
29 October 2019
Speaking to the club's shareholders, Milan's chief executive, Ivan Gazidis, also said the focus is on investment in youth along with experience to help young players grow.
Following the announcement of a €145.9 million loss for last season, the club's shareholders approved a €155 million capital increase.
Contending with hard times on both the sporting and financial fronts, AC Milan's chief executive, Ivan Gazidis, has said that looking to other football clubs for inspiration is the way to move forward for the struggling Italian club.
"We must guarantee sponsors in different areas. We want to grow revenues by replicating business models that have worked in other clubs. We need to build an infrastructure so that we can develop a strategy that will make us grow in different sectors," Gazidis told the club's shareholders in a recent meeting.
Do you want to read this article?
Get instant access by signing up for a 14-day free Premium trial
No credit card, no commitments and it will expire automatically.
You will receive a link that activates your trial in an email.
Already a standard subscriber? Upgrade here