AC Milan’s financial recovery continues and the 2022-23 season is expected to show further improvement, according to a report.
Things have been on a positive trend from an economic point of view for Milan as they closed the 2021-22 year with losses reduced down to €66.5m, which marked a clear decrease compared to €-194.6m in 2019-20 and €-96.4m in 2020-21.
According to a report from Corriere della Sera (via MilanNews), the Rossoneri’s journey towards financial recovery continues. While the club should still close with a deficit, it will be with a further significant drop compared to the previous season.
The paper believe that Milan should end the 2022-23 season with a loss of €25m against the €66.5m of last season, which shows that the work being done to increase revenues – which things like the Champions League run help – is paying dividends.
However, with this there must come the capacity to capitalise on the new financial health through investment in the squad, to create a virtuous cycle through better sporting results to drive prize money and sponsorship deals up.