Study shows where Milan ranked among top clubs in Europe for revenue in 2021-22

By Oliver Fisher -

AC Milan have made the top 20 of the Deloitte list for revenues earned by European clubs, but the gap with the elite sides in Europe continues to grow.

Deloitte (via MilanNews) have published a ranking of European clubs based on the revenues they generated in 2021-22, and for the second consecutive year Manchester City are top of the pile with €731m in total.

The Premier League champions are then followed by Real Madrid (€714m) and Liverpool (€702m), with Premier League clubs accounting for more than half of the Top 20 clubs, showing the trend that has developed in the last few years.

There are three Italian clubs that are inside the top 20, starting with Juventus who generated €400m in revenues which was actually down on the previous €433m.

In 14th was Inter with €308m compared to the previous €330m, and then in 16th are Milan who registered €264m in turnover, up on the €216m from the previous season.

Tags AC Milan


        1. Yes they sold Lukaku and Hakimi I think. But Milan revenue are so Dwarfed. They had maybe 50 million from champions league last year, and 200 million are divided to commercial and serie a TV revenue. In last year still many games were without fans on stadiums I think. But 260 million is dwarfy.

  1. We’re competing with Leeds, Everton, Newcastle on a money level. That’s how difficult it is for us in the transfer market.

    1. Actually I agree. For now we are in terms of revenue but that obviously can easily change. They’re probably the richest rn. Once Newcastle secure UCL spot, their summer transfers are gonna be wild

  2. Andrea Agnelli hit the nail on the head when he said in a speech at a meeting of Juventus’s shareholders yesterday: “European football needs a new system, otherwise it risks a decrease in favour of a single dominant league which within a few years will attract all the talent of European football within its league, completely marginalising the other leagues and the others are already marginalised.” The TV broadcasting revenues of the EPL dwarf those of the continental leagues and is the principal reason why there’s a growing and alarming disparity of wealth between EPL clubs and their continental rivals. The only way continental clubs will be able to rectify this structural imbalance and match EPL broadcasting revenues is to form a merit-based, multi-divisional European league (EL) to replace existing domestic leagues. EL will capture the imagination of football fans and advertisers around the world and attract huge broadcasting revenues. EPL clubs should be invited to join the new EL, but their participation, whilst desirable, isn’t essential. The Champions League, given its current structure, isn’t the solution to the financial problem so long as the EPL remains in existence. European football has arrived at an historic fork in the road. Continental leagues must merge or they’ll effectively perish, relegated forever to a marginalised status, exactly as Agnelli has said. This is a seminal moment that demands radical and enlightened measures. The silence from AC Milan’s owners and management on this critical issue that affects the future of football in Europe has been deafening. Do they support the formation of an EL to replace Serie A and the other continental leagues, or do they want to retain the status quo? Building a new stadium, just as Juventus did, won’t be enough; AC Milan also have to bid farewell to Serie A and, along with other continental clubs, ply their trade henceforth in the EL.

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