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.
