Home Sports Berlusconi’s Monza loses 31 million: the Serie A dream has already cost 70 million

Berlusconi’s Monza loses 31 million: the Serie A dream has already cost 70 million

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Berlusconi’s Monza loses 31 million: the Serie A dream has already cost 70 million

(Il Sole 24 Ore Radiocor Plus) – While the dream of promotion to Serie A remains alive, the Monza of Silvio Berlusconi and Adriano Galliani must deal with another budget in the deep red. Tomorrow night the club controlled by Fininvest in fact, in an all-Lombard derby with Brescia, he will play the first leg of the Serie B playoffs with promotion at stake. In the meantime, however, in recent weeks, the shareholders’ meeting – as reconstructed by Radiocor – took note of a year 2021 which recorded a loss of 31.2 million. As in previous years, the red will be “fully covered by partial use for the same amount of the capital payments item present in the net assets”, in practice with the capital that Fininvest had previously made available to the club.

2021 was another annus horribilis for all of European football from the point of view of the accounts and also in Italy, from the big to the cadet series, the accumulated losses are significant.

The Berlusconi family holding company had bought Monza in autumn 2018, paying out 2.9 million euros and – thanks to important investments in the various acquisition campaigns (including the last one), on the Monzello sports center and on the new stadium – relaunched the club bringing him first to Serie B and, for two years now, in a close fight for promotion to Serie A. After all, the dream is “a Milan-Monza derby”, as CEO Adriano Galliani has always said, for 30 years manager of the Rossoneri club.

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The downside of the club’s fast growth is the income statement, aggravated – as for all football teams – by Covid, which penalized both 2021 (-31.2 million) and 2020, in which the loss was of 26.7 million. Counting the initial investment (2.9 million), the liabilities of 2018 (1.68 million) and that of 2019 (9.25 million), Fininvest thus spent a total of 71.7 million for Monza.

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