Now that the summer transfer window is finally behind us, reflections can begin on what it means for AC Milan’s balance sheet.
Calcio e Finanza report that Milan saw its wage bill remain substantially stable compared to last season despite signing 10 players. This underlines how, despite several incoming operations, RedBird is still attentive to the economic sustainability of the squad.
For the 2023-24 season, Milan’s salaries total almost €90m gross while last year it was just over €90m gross. The figure for last season also takes into account the players who arrived during the January window and those who were sold during the current season.
For the calculation of the gross salary, the tax relief provided by the Growth Decree for all those players who can benefit from it (i.e. those players who had tax residence outside Italy at least in the two years preceding their arrival in Serie A and who maintain tax residence in our country for at least two years from their arrival) must be considered.
For new players who arrived after 2 July, the relief is applied only for 2024 (and therefore for half the season). Below is the ranking:
➤ Rafael Leao – 5 million net (6.55 gross)
➤ Theo Hernandez – 4 million net (5.24 gross)
➤ Ismael Bennacer – 4 million net (7.4 gross)
➤ Ruben Loftus-Cheek – 4 million net (5.24 gross)
➤ Christian Pulisic – 4 million net (6.32 gross)
➤ Samuel Chukwueze – 4 million net (6.32 gross)
➤ Fikayo Tomori – 3.5 million net (4.59 gross)
➤ Olivier Giroud – 3.5 million net (4.59 gross)
➤ Alessandro Florenzi – 3 million net (5.55 gross)
➤ Mike Maignan – 2.8 million net (3.67 gross)
➤ Luka Jovic – 2.5 million net (3.28 gross)
➤ Mattia Caldara – 2.2 million net (4.07 gross)
➤ Davide Calabria – 2 million net (3.7 gross)
➤ Pierre Kalulu – 2 million net (2.62 gross)
➤ Yunus Musah – 2 million net (3.16 gross)
➤ Noah Okafor – 2 million net (3.16 gross)
➤ Tijjani Rejinders – 1.7 million net (2.69 gross)
➤ Simon Kjaer – 1.5 million net (1.97 gross)
➤ Rade Krunic – 1.1 million net (2.04 gross)
➤ Tommaso Pobega – 1 million net (1.85 gross)
➤ Malick Thiaw – 800 thousand euros net (1.05 gross)
➤ Yacine Adli – 800 thousand euros net (1.05 gross)
➤ Luka Romero – 800 thousand euros net (1.05 gross)
➤ Antonio Mirante – 700 thousand euros net (1.3 gross)
➤ Marco Sportiello – 500 thousand euros net (925 thousand gross)
➤ Marco Pellegrino – 300 thousand euros net (555 thousand gross)
Total: €59.7m net (€89.9m gross).
The highest paid player is Rafael Leao after his renewal, as was to be expected. Ruben Loftus-Cheek, Christian Pulisic, Samuel Chukwueze receive €4m net each.
Together with them, Ismael Bennacer and Theo Hernandez earn the same, with the latter two having seen an increase in their salary after the respective renewals.
In third position, so as to complete the podium of the highest paid, here are the leaders of defence and attack Fikayo Tomori and Olivier Giroud, symbols of the Scudetto win.
How has the wage bill remained the same? Simply put, it is because of the exits. Sergino Dest (€3.5m), Tiemoué Bakayoko (€2.5m), Aster Vranckx (€1.5m) and Brahim Diaz (€500k) have all left. The contracts of Zlatan Ibrahimovic (€1.5m) and Ciprian Tatarusanu (€1.2m) expired.
Sandro Tonali (€1.2m net), Ante Rebic (€3.5m), Charles De Ketelaere (€2.2m), Junior Messias (€1m), Alexis Saelemaekers (€1m), Matteo Gabbia (€800k) and Marko Lazetic (€250k) all left too.
Apart from Tonali and Rebic, the other transfers were loans, with Gabbia and Lazetic certain to return to Milanello ahead of the 2024-25 season.