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AC Milan blames Covid-19 and Europa League ban for €195m loss

Brahim Diaz of AC Milan is challenged by Julian Chabot of Spezia during a Serie A match (Photo by Emilio Andreoli/Getty Images).

AC Milan will record a net loss of €195m ($230.3m) for the year ended 30 June 2020, blaming the Covid-19 pandemic and a ban from participating in the Uefa Europa League for the disappointing results.