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.
Not as good result as it seems.
-20m from sale of office asset
-30m higher revenues from Euro competitions (CL)
Domestic broadcasting has really suffered.
Disagreed. It IS a good result for a club like Milan who just made a comeback to Champions League and can compete at top table Serie-A again after in the slump for 6-7 years because of Berlusconi and Yohongli bad management. Maldini did a great recovery job for the past 2 years.
And outside from Champions League money and selling Casa Milan, they also got good revenue from tickets and new sponsorships where in 2020 that department took a big hit because of covid. Hopefully in 2022 Milan will get more money especially if they can win a scudetto.
Look at Inter and Juve. Compared to them we are doing great financial.
Woo. Fantastic news for Elliott, all fans still wondering when we’ll get a serious owner.
They should start selling players instead of letting them leave for free. That’s an easy way to increase revenue too. Just missed over 100M€ last summer due to poor contract handling. =D