By ESPNSTAR.com staff
Speaking in an interview outlining the Rossoneri's gameplan for the upcoming season, the official bemoaned the loss of strength of the Italian league in the world of football.
Since Milan last won the Champions League in 2007, the club has failed to reach the semi-finals of the tournament on an annual basis and even rivals Inter Milan suffered a dramatic fall from grace following their 2010 Champions League win.
Galliani admitted that the financial crisis in the country coupled with a lack of spending power of the big three clubs of Inter, Milan and Juventus means that Italy will struggle to match the Spanish and English clubs in signing the best players of the world.
"Once upon a time great players arrived in Italy, but that is no longer possible," he told.
"Certain players with big transfer fees and big salaries are no longer available to Milan, Inter or Juventus.
"Twenty years ago we made more money than Real Madrid and Barcelona, now we net half of what they generate in revenue.
"Italy has changed as a country and the economy has changed. The problem is not Milan, but all of Italian football."
But the official insists that Milan still has what it takes to wrest the Scudetto back from Juventus in the coming season. The club has endured a massive exodus in recent weeks with Filippo Inzaghi, Gennaro Gattuso, Alessandro Nesta and Clarence Seedorf all making their exits from the club but Galliani is confident that the new-look squad will be able to fulfil the primary objetcive of winning the Serie A in the coming season.
"Today there is only Massimo Ambrosini left from the starting XI from the Athens Champions League final. I'd like to say goodbye to all those players who have had to leave us because of their age. But the captain is still here.
"Our objective is to fight to win the championship.
"We also want to reduce the number of injuries because there is a direct correlation between injuries and obtaining results.
"There are still a few players missing from training, but there are new faces like Acerbi and Constant.
"We think we have a squad which is good enough to fight for the objectives which we have set ourselves."
Milan have signed Kévin Constant, Riccardo Montolivo and resolved the co-ownership statuses of Francesco Acerbi and Stephan El Shaarawy. They successfully managed to hold off interest from Paris St Germain in defender Thiago Silva and have indicated in recent weeks that they would not make further forays in the transfer market due to a lack of funds.
The club has been linked with Liverpool's Andy Carroll and are said to be interested in securing a loan move for the player but there have been no concrete offers yet from the Milanese club.