Top 10 clubs in Europe by net debt

Modified Jan 15, 2017 07:31 GMT

UEFA released the Club Licensing Benchmarking Report for the financial year 2015.

#6 AC Milan, €249 million

MILAN, ITALY - MARCH 20: AC Milan president Silvio Berlusconi gestures before the Serie A match between AC Milan and SS Lazio at Stadio Giuseppe Meazza on March 20, 2016 in Milan, Italy. (Photo by Marco Luzzani/Getty Images) — *AC Milan President Silvio Berlusconi is on the verge of selling the club, which is beneficial in the current scenario*

The 7-time European cup winners have seen a mighty fall in the last decade and have a debt of €249 million as per the UEFA report. However, the debt could be massively reduced if the proposed takeover of the Italian club by a Chinese consortium of Haixa Capital and Yonghong Li, chairman of management company Sino-Europe Sports Investment Management Changxing goes through.

Long-time owner and former Italian Prime Minister Silvio Berlusconi has agreed for the sale for €740 million, which includes €220 million of debt. The Chinese consortium has been given time till this March and once it happens, the finances will get back in order to further boost the improved performances on the pitch this season.

Edited by Staff Editor