Milan have found the culprit for the fact their deficit has doubled this year to £60m. “It’s all Daniel Osvaldo’s fault!”
The club’s failure to qualify for the Champions League – pushed out by Fiorentina – proved to be a massive financial blow.
“Osvaldo’s goal cost us £33m,” sighed Vice-President Adriano Galliani when referring to the ex-Viola striker’s decider against Torino last season.
“If I had known that at the time, I would’ve saved money and just bought the player directly.”
Osvaldo did not live up to that part of his career, leaving Tuscany on loan for Bologna in January.
The damage was done to Milan, though, as the Champions League brings clubs a great deal of income as well as prestige.
In 2007 the budget was approved with a deficit of £28m, but that has now gone to £60m thanks to the fact the income has been reduced from £40.5m to just £6.7m.
“To have a balanced budget, Milan absolutely need to play in the Champions League every season and go as far as possible,” added Galliani.
The Rossoneri also failed to make much of an impact in the UEFA Cup, going out to Werder Bremen in the third round.
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