AC Milan have put themselves on a much firmer and more stable financial footing than their rivals Inter and Juventus, according to a report.
Il Corriere dello Sport (via MilanNews) takes a look at the situation surrounding the three biggest clubs in Italian football, starting with the contrasts in the January transfer window. Inter have signed Robin Gosens and Felipe Caicedo, Juventus have spent bi on Dusan Vlahovic, while Milan have chosen to limit their spending to Marko Lazetic, an 18-year-old striker from Red Star.
Elliott Management are aware that football is increasingly in financial crisis in which the risk of default is often feared, so they are staying true to the strategy of improving the accounts and the on-field performances, without getting caught up in the frenzy of having to spend big.
Milan are reversing their course in terms of costs and revenues and the latest financial statements have shown clear signs of recovery. Milan went from the deep red of €-194.6m to €-96.4m in the last financial year ending June 2021.
Inter and Juventus instead increased their losses with the former at €-245m and the latter at €-200m. Milan have also seen an increase in sponsorship revenues, a big issue for Milan pre-Elliott, with revenues now at €53.9m compared to €36.6m in 2019-20.