MILAN (Reuters) - The novel coronavirus crisis pushed Italian top-flight soccer club AC Milan further into the red in the financial year through June, resulting in a record 195 million euro ($230 mln) loss for the outfit owned by U.S. investment fund Elliott.
Like other European soccer clubs, the seven-times European Champions are grappling with plummeting revenues due to closed-door matches to stem the spread of the virus and rebates on pay-TV deals sought by broadcasters.
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