The club was founded in 1899 by English lace-maker Herbert Kilpin, Alfred Edwards, and four other Englishmen, initially as a cricket club but soon changing to football (or calcio in Italian). Milan have won 17 league titles (only Juventus have won more) and five Coppa Italia. European titles include 7 European Cups and 2 Cup Winners’ Cups. Home matches are played at the San Siro (Capacity: 80,018) which is municipally owned and shared with Internazionale. The club was involved in the 1980 Totonero scandal and were relegated to Serie B as punishment, for the first time in their history.
The club was founded in 1899 by English lace-maker Herbert Kilpin, Alfred Edwards, and four other Englishmen, initially as a cricket club but soon changing to football (or calcio in Italian). Milan have won 17 league titles (only Juventus have won more) and five Coppa Italia. European titles include 7 European Cups and 2 Cup Winners’ Cups. Home matches are played at the San Siro (Capacity: 80,018) which is municipally owned and shared with Internazionale. The club was involved in the 1980 Totonero scandal and were relegated to Serie B as punishment, for the first time in their history. The scandal was centred on a betting syndicate that paid players and officials to fix the outcome of matches. The present club owner is Silvio Berlusconi (via his company Fininvest which has 99.93% of the shares) who acquired it in 1986. Milan were involved in the 2006 Serie A scandal where five teams were accused of fixing matches by selecting favourable referees. The Rossoneri were initially punished with a 15 point deduction and consequently did not qualify for the UEFA Champions League. An appeal saw their penalty reduced to 8 points and allowed to retain their 2006-07 Champions League participation, going on to win the competition.
Turnover and pre-tax profit figures are in Euro millions.