Study shows how Milan compare to other European champions in key financial indicators

By Oliver Fisher -

A report has emerged comparing where AC Milan stand against the other winners of European leagues in 2021-22, with some interesting points of comparison.

The seventh edition of the “European Champions Report” has been published by Football Benchmark (via Calcio e Finanza), an analysis that highlights the economic-financial situation of the various national champion clubs in the best European leagues.

In addition to the so-called ‘top five’ leagues (Premier League, La Liga, Bundesliga, Serie A and Ligue 1), the report also takes into consideration the Eredivisie (Netherlands), the Primeira Liga (Portugal) and the Süper Lig (Turkey).

In terms of revenues, Manchester City are ahead with €731m, Real Madrid follow (€714m) and PSG are third at €670m. Milan saw revenues grow by 16% compared to the previous year, but is in fifth place at €269m.

  1. Manchester City – €731m (+13% on 2020/21)
  2. Real Madrid – €714m (+12% on 2020/21)
  3. PSG – €670m (+18% on 2020/21)
  4. Bayern Munich – €627m (+5% on 2020/21)
  5. Milan – €269m (+16% on 2020/21)
  6. Ajax – €189m (+51% on 2020/21)
  7. Porto – €144m (-6% on 2020/21)
  8. Trabzonspor – €59m (+36% on 2020/21)

Looking at the balance sheets, only Milan and PSG have a negative result, which highlights the systemic difficulties of Serie A and Ligue 1. In terms of the value of the squads, also in this case Manchester City occupies the first place with a figure that reads €1.267bn, following by PSG, while Milan are fifth at €693m.

In terms of squad costs to revenues, Milan’s position is quite positive at 63%. The lowest value is Bayern Munich at 52%, while Manchester City follows at 57% and PSG are at 109%.

  1. Bayern Munich – 52%
  2. Manchester City – 57%
  3. Ajax – 58%
  4. Porto – 62%
  5. Milan – 63%
  6. Real Madrid – 73%
  7. Trabzonspor – 81%
  8. PSG – 109%

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