Italy 's AC Milan is poised to announce losses of € 18 m ( $ 20.7 m ) for the 2018 financial year to 30 June , according to Italian news outlet ANSA . The figure would be an improvement on a loss of € 24 m in 2017 . The loss includes expenditure for the maintenance of youth facilities and infrastructure , meaning the club will avoid UEFA 's financial fair play penalties . Consolidated revenue should surpass € 280 m this year , a rise of around 6 % on 2017 . The club is set to decide on its new president at a late October meeting of shareholders .
Italy's Inter Milan is poised to announce losses of €18m ($20.7m) for the 2018 financial year to 30 June, according to Italian news outlet ANSA. The figure would be an improvement on a loss of €24m in 2017. The loss includes expenditure for the expansion of youth football and infrastructure, meaning the club will avoid UEFA's financial fair play penalties. Consolidated revenue should surpass €280m this year, a rise of around 6% on 2017. The club is set to decide on its new president at a 26 October meeting of shareholders.