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Rossoneri Round Up for Nov 2: AC Milan Appoint A Head of Sponsorship Sales After Posting Record Financial Losses

Summary of Milan’s new for the day and links.

FBL-ITA-SERIEA-MILAN-ASIA Photo credit should read MIGUEL MEDINA/AFP via Getty Images

According to Sport Business, AC Milan have appointed Maikel Oettle, a sponsorship executive, to be the club's Head of Sponsorship Sales. Oettle was the VP of Strategic Partnerships at IMG, where his responsibilities included commercial strategy for the Euroleague Basketball joint venture.

As we reported last month, Milan's commercial revenues have fallen significantly since the takeover by Li Yonghong and even further under Elliot. The club posted record losses this year and their commercial revenues especially from sponsorship have taken some of the biggest hits.

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