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Jul 11, 2011

Milan budget hit by Berlusconi fine

AC Milan's budget has been 'hit hard' by the news that president Silvio Berlusconi's company has been levied with a massive €560 million fine.

Berlusconi's Fininvest will have to pay damages to Compagnie Industriale Riuniteafter after a Milan court found them guilty of wrongdoing over a 1991 corporate takeover.

Indeed, Milan vice president Adriano Galliani maintains that the fine will impact on the club's transfer budget, with the club linked with a big-money move for Napoli midfielder Marek Hamsik.

"It is something that hits the owners of Milan very hard, as the club is owned by Fininvest," Galliani told Sky Sport Italia. "Berlusconi will be at the Milanello training ground on Tuesday to meet the squad. I think it will be a good time to talk.

"As for how it affects the future of Milan, this is something president Berlusconi has to consider. He loves Milan very much, it is his baby, having saved the club from bankruptcy in 1986 and brought it a lot of success.

"But Milan are already a complete and very competitive squad. We'll see what happens, but the team is fine as it is."

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