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.
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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.
