Giorgio Furlani, analyst at Elliott Advisors UK

MN: Record revenues and profit confirmed in consolidated financial statements

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.

Tags AC Milan

2 Comments

  1. 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.

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