AC Milan’s accounts for the 2022-23 season were approved at today’s Shareholders’ Meeting and they confirmed the positive reports circulating.
As MilanNews report, the Milan Shareholders’ Meeting – which lasted 45 minutes this afternoon – approved the consolidated financial statements which show a profit of €6.1m for the year 2022-23.
It is excellent news regarding the financial health of the club, given that a net profit had not been recorded since 2006, when the balance sheet (which at the time was set to close on 31 December) showed a profit of almost €2.5m.
Moreover, the accounts show revenues of €404m. The turnover in the 2022-23 season is well up compared to €297m in 2021-22, thus setting a new record in the history of the Rossoneri.
The figure is driven by an increase in commercial and sponsorship revenues – up by €44m compared to the previous season – and by the excellent run in the last edition of the Champions League.
How much of it in % was prize money from playing in CL and getting that far? If Milan missed out on CL you would see a huge drop, the increase is mostly based on that, not commercial revenue or any sponsorship.
100+ mil in cl revenue, think there was an article at some point mentioning 120 mil euros.