AC Milan’s financial strength continues to increase, and now there is an obvious next step which could produce the leap to being back among Europe’s elite.
As this morning’s edition of Corriere dello Sport (via PianetaMilan) reports, Milan’s revenues should exceed €400m in the 2022-23 accounts, a level never reached in the club’s history.
The journey in the Champions League up to the semi-final brought at least €85m, while ticket sales generated at least €60m, but the work on the growth of commercial revenues (sponsors and partners) is also notable.
On the cost front, Milan are behind Roma. The combination of significantly increasing revenues but maintaining relatively low costs and the absence of interest thanks to almost zero financial debt allows Milan to look to the future with a certain confidence.
The net profit should be around €6m, the first profit generated in 16 years. The economic balance could depend on the results in the Champions League in the next few years but the possibility of qualifying for the FIFA Club World Cup – scheduled from 2025 – would be another very important source of revenue.
Yesterday was also important in terms of the new stadium. Milan have officially presented the urban planning variant proposal to the council of San Donato for a 70,000-seat facility of modern design, with cutting-edge services and infrastructure to host events of all kinds.
There will also be other amenities such as a club museum and shop, bars, restaurants, a hotel and an entertainment district. The project will take up 46 hectares of land, of which half will be allocated to green areas.
As proof of how serious the project is, the owners have already paid the first 40 million towards future capital increases so that the net equity – in the newly approved budget – will already rise to €177m (from €131m in 2022).
