AC Milan are set to close the financial year with boosted revenues thanks to a number of different factors, according to a report.
It was confirmed back in September that Milan have essentially halved their losses as a financial resurgence continues. Calcio e Finanza and MilanNews both reported that the accounting year has effectively closed with a loss of €96.4m, a marked improvement compared to that of the 2019-20 season when the total stood at €-194.6m – a record loss for Milan.
According to the latest from Calcio e Finanza (as seen in the chart below), Milan’s total revenue for the 2021-22 year is projected to be around €303.5m which is up over €40m from the €260.9m posted in 2020-21.
The optimistic forecast (which includes a project for the second half of the season too) is thanks to a number of different factors such as participation in the Champions League, increased revenue from stadiums after Covid, new sponsorship deals and other partnerships.