AC Milan’s resurgence on the field has also been couple with an improved situation away from the pitch too as the club’s finances get stronger.
This morning’s Corriere dello Sport (via PianetaMilan) report that Milan have returned to shine in the top European competition having reached the semi-finals of the Champions League for the first time in 16 years, and with this comes financial benefits too.
So far Milan have received around €84m from UEFA which includes €15.6m for participation in the tournament, €14.8m for historical ranking, €8m from the market pool, €4.8m from the second phase of redistribution of TV rights.
There is also €9.3m linked to bonuses for group results, €9.6m for passage to the round of 16, €10.6m for getting to the quarter-finals, €12.5m for qualification for the semi-finals plus €700k for the draw bonus.
There is a €2m Financial Fair Play fine to be subtracted, but then all the box office receipts must be added which turns the €84m from UEFA into €116m in total. It starts with the €14.5m for the three matches in the group stage, then the €9.1m and €8.5m collected for the games against Spurs and Napoli, with a similar figure expected for the semis.
In short, Milan – thanks to the Champions League – could earn over €120m this year, an amount which will help the club close their accounts in the green after so many years. The last time this happened was in 2006.
This is how it should be, winning on the pitch translating into money in the bank.
italians are very very bad at running business. thats why Berlusconi and directors failed miserably, moratti and his team left inter in so much debt, similarly is the sensi family at Roma but thanks to De Laurentis at napoli, Lottito at lazio and percassi at Atalanta they are beginning to show how to run this huge financial institution with reason rather than emotions. now that the americans are in charge of Acmilan, i hope they maintain their sustainable model which is undoubtedly the way to go.
yeah man your Americans at Chelsea show so much business sense spent 600m to be 11th
stop bringing countries into this
Great news! How about signing / renewing some decent players for a change?
I would say our players are pretty much beyond decent. We maybsometimes feel otherwise but just look at the results in CL. We ate now top 4 in Europe. Maybe thanks to beneficial drawings but still we ate here. We need to give credit where credit is due.
But of course I understand what you mean. The summer mercato was a horror show. This summer needs to be better if we are going to stay in the top and not fall down again.
Shows that when you properly invest in young players like Leao, Theo, Tonali & Bennacer you see the rewards. Instead of getting other teams’ cast-offs for no fee and high wages