CM: Salary cuts, capital gains and a return to Europe – Gazidis reviving Milan’s balance sheet

By Oliver Fisher -

AC Milan have already taken steps to start getting their balance sheet in a better and more healthy state, according to a report.

Calciomercato.com note how CEO Ivan Gazidis has been chosen by Elliott Management Corporation precisely for his ability to balance revenues and investments.

In January there was the first cull as Suso (savings of €5.3m gross and capital gain of €20.4m if he leaves permanently), Borini (€4.3m savings plus €3.6m of depreciation), Piatek (€1m capital gain, €3.1m salary), Reina (€3.7m salary), Rodriguez (€3.7m salary) and Caldara (€6m salary).

New cuts are already on the horizon for Ivan Gazidis starting with the double departure of Lucas Biglia and Jack Bonaventura, who earn respectively €6.1m and €3.5m gross. Zlatan Ibrahimovic will probably follow them too.

Capital gains will also be important and Davide Calabria could depart, which would contribute a pure profit for the balance sheet given he is an academy product.

It will also be essential to reach the Europa League, which guarantees around €15-20m. The next steps after that will be to reach Champions League, get new sponsors on board and revenues from the new stadium.

 

Tags AC Milan