Associazione Calcio Milan, commonly referred to as A.C. Milan or simply  Milan, is a professional Italian football club based in Milan, Lombardy.  It was founded in 1899 by English lace-maker Herbert Kilpin and  businessman Alfred Edwards among others.  The club has spent most of its  history in Serie A, the top-flight of  Italian football, having played  only two seasons in Serie B in the  early 1980s. Milan has won 18  officially recognized UEFA and FIFA  international titles, and remains  tied with Boca Juniors as having won  the most in the world. 
Milan has  won four world titles,  more than any other club in the world, having won  the Intercontinental  Cup three times and the FIFA Club World Cup once.  Milan has won the  European Cup/Champions League on seven occasions; only  Real Madrid has  exceeded this total. The club has also won the UEFA  Super Cup a record  five times and the Cup Winners' Cup twice.  Domestically, Milan has won  17 league titles, making the club the third  most successful in Serie A  behind local rivals Internazionale (18  titles) and record-holder  Juventus (27 titles). The club has also won  the Coppa Italia five  times, in addition to five Supercoppa Italiana  triumphs. 
The  Europa League remains the only major competition for which  the team  are eligible to compete that they have never won: in this  competition  they have lost two semifinals, in 1972 and in 2002. Milan  was a  founding member of the G-14 group and the European Club  Association  that was formed following the first organization's  dissolution. Milan's  home games are played at San Siro, also known as  the Stadio Giuseppe  Meazza. The stadium, which is shared with Inter, is  the largest in  Italian football, with a total capacity of 80,074. The  owner of the  club is Italian Prime Minister, Silvio Berlusconi while the   vice-president is Adriano Galliani. Milan is one of the wealthiest   clubs in Italian and world football. 
The  club was founded as a cricket  club in 1899 by British expatriates  Alfred Edwards and Herbert Kilpin,  who came from the British city of  Nottingham. In honor of its origins,  the club has retained the English  spelling of its city's name, instead  of changing it to the Italian  Milano, although it was forced to do so  during the fascist regime.  Milan won its first Italian championship in  1901 and a further two in  succession in 1906 and 1907. In 1908, the club  experienced a split  caused by internal disagreements over the signing  of foreign players,  which led to the forming of another Milan-based  team, Internazionale.  Following these events, Milan did not manage to  win a single domestic  title until 1950–51. 
In  1963, the club ensured its  first continental title by beating Benfica  in the final of the European  Cup. This success was repeated in 1969,  and followed by an  Intercontinental Cup title the same year. After the  retirement of Gianni  Rivera, Milan went into a period of decline,  during which the club was  involved in the 1980 Totonero scandal and  relegated to Serie B as  punishment, for the first time in its history.  The scandal was centered  around a betting syndicate paying players and  officials to fix the  outcome of matches. 
Milan  quickly returned to Serie A but was relegated  to Serie B one year  later as the team ended its 1981–82 campaign in  third last place. In  1986, entrepreneur Silvio Berlusconi acquired the  club and immediately  invested a lot of money in the team, appointing  rising coach Arrigo  Sacchi at the helm of the Rossoneri and signing a  Dutch trio of Ruud  Gullit, Marco van Basten and Frank Rijkaard. This was  the beginning of  the most successful time in the club's history, as  Milan won seven  domestic titles, one Coppa Italia, five Supercoppa  Italiana, five  Champions League trophies, five UEFA Super Cups, two  Intercontinental  Cups and one Fifa Club World Cup.
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More  recently, the  club was involved in the 2006 Serie A scandal where five  teams were  accused of fixing matches by selecting favorable referees. A  police  inquiry excluded any involvement of Milan managers,[citation  needed] but  FIGC unilaterally decided that it had sufficient evidence  to charge  Milan vice-president, Adriano Galliani. As a result, Milan  was initially  punished with a 15 point deduction and consequently did  not qualify for  the Champions League. An appeal saw that penalty  reduced to eight  points, which allowed the club to retain its 2006–07  Champions League  participation. Milan subsequently won the competition,  lifting the  European Cup for the seventh time.
Throughout  the entire history of the club, it has been represented by  the colors  red and black. The colors were chosen to represent the  players' fiery  ardor (red) and the opponents' fear to challenge the team  (black). Due  to Milan's striped red and black shirts, the club has  gained the  nickname rossoneri. White shorts and black socks are worn as  part of  the home strip. Milan's away strip has always been completely  white. It  is considered by both the fans and the club to be a lucky  strip in  Champions League finals, due to the fact that Milan has won six  finals  out of eight in an all white strip (losing only to Ajax in 1995  and  Liverpool in 2005), while winning only one out of three in the home   strip. 
The  third strip changes yearly and is black with red trim for the  current  season, but it is rarely used. For many years, Milan's badge  was simply  the Flag of Milan, which was originally the flag of Saint  Ambrose.  Another nickname derived from the club's colors is the Devil.  An image  of a red devil was used as Milan's logo at one point with a  Golden Star  for Sport Excellence located next to it. The star was  awarded to the  club when it won 10 league titles. Currently, the badge  represents the  club colors and the flag of the Comune di Milano, with  the acronym ACM  at the top and the foundation year (1899) at the bottom.  Milan is one  of the most supported football clubs in Italy, according  to research  conducted by Italian newspaper La Repubblica. Historically,  Milan was  supported by the city's working-class and trade unionists, a  section of  whom were migrants from Southern Italy. 
On  the other hand,  crosstown rivals Internazionale were mainly supported  by the more  prosperous and typically Milanese middle-class. One of the  oldest ultras  groups in all of Italian football, Fossa dei Leoni,  originated in  Milan. Currently, the main ultras group within the  support base is  Brigate Rossonere. Politically, Milan ultras have never  had any  particular preference, but the media traditionally associated  them with  the left-wing, until recently, when Berlusconi's presidency  somewhat  altered that view. Genoa fans consider Milan a hated rival  after Genoa  fan, Vincenzo Spagnolo was tragically stabbed to death by a  Milan  supporter in January 1995. 
However,  Milan's main rivalry is with  neighbor club, Internazionale; both clubs  meet in the widely anticipated  Derby della Madonnina twice every Serie  A season. The name of the derby  refers to the Blessed Virgin Mary,  whose statue atop the Milan  Cathedral is one of the city's main  attractions. The match usually  creates a lively atmosphere, with  numerous (often humorous or offensive)  banners unfolded before the  start of the game. Flares are commonly  present and contribute to the  spectacle but they have occasionally led  to problems, including the  abandonment of the second leg of the 2004–05  Champions League  quarterfinal match between Milan and Inter on 12 April  2005, after a  flare thrown from the crowd by an Inter supporter struck  Milan keeper  Dida on the shoulder. 
The  team's current stadium is the 80,018 seat San Siro, officially known   as Stadio Giuseppe Meazza after the former player who represented both   Milan and Internazionale. The name San Siro is taken from the district   where it's located. San Siro has been the home of Milan since 1926, when   it was privately built by the club. The stadium has been shared with   Internazionale since 1946, when the other major Milanese club was   accepted as joint tenant. The stadium is renowned for its fantastic   atmosphere due to the closeness of the stands to the pitch. The frequent   use of flares by supporters contributes to the atmosphere but the   practice has occasionally caused problems. 
On  19 December 2005, Milan  vice-president and executive director Adriano  Galliani announced that  the club is seriously working towards a  relocation. He said that Milan's  new stadium will be largely based on  the Veltins-Arena and will follow  the standards of football stadiums in  the United States, Germany and  Spain. It will likely be a stadium for  football purposes only (with no  athletics track). The new stadium is  supposed to be named after a  sponsor. It remains to be seen if this  plan will proceed or if this is  just a ploy to force the owners (Comune  di Milano) to sell the stadium  to Milan for a nominal fee so as to  proceed with extensive renovations.  The possibility of Internazionale  vacating San Siro may affect  proceedings. 
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