Expert compares Milan’s financial situation with Barcelona and Juventus after €195m loss

By Oliver Fisher -

There were a few eyebrows raised when AC Milan confirmed on Friday that the club are set to make a record loss for the 2019-20 financial year.

A statement on the club’s official website revealed that the Milan Board of Directors approved the draft financial statements for the financial year ending 30 June 2020, which will then be submitted to the Shareholder’s meeting on 28 October.

Ultimately, the net loss was €195million which is the highest single-year loss that the club have ever made, but the club cite a number of exceptional circumstances as being a driving force.

Firstly, there is the negative impacts of the Coronavirus which has affected all clubs as it has virtually eradicated matchday revenue and had a big hit on sponsorship. Secondly, they blame the situation inherited from the previous ownership.

Below, the wonderful Twitter account @SwissRamble – dedicated to looking at the finances of football clubs – has analysed the accounts of some top European clubs including Milan.

 

Tags AC Milan