There is nothing to worry about regarding the state of AC Milan’s finances especially compared to rivals Inter and Juventus, a journalist has claimed.
In his latest for MilanNews, Franco Ordine – well versed in the financial matters at Milan – has stated that failure to qualify for the Champions League would not be as catastrophic as some media outlets are making out.
Milan’s net debt is €104m which is just a third of Juve and a quarter of Inter. Elliott Management have inject €650m in capital since seizing control of the Rossoneri but they are a fund worth $43bn so Milan are not at the drama as other clubs might be.
The 2020 budget closed with a record loss of €194m for Milan, but it is very likely that the next one (30 June 2021) – despite the pandemic crisis – will close at a much healthier figure around the €90-100m mark. This means that in the event of missing top four, Milan are able to stay on the market, make some significant purchases and rationalise costs.
Other clubs will be forced to sell their star players to recover from debt. Usually, in football, the reconstruction of virtuous cycles needs at least two to three years to stay stable.
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Why are they in a healthier financial situation than Inter or Juve? Because they don’t invest any serious money in players. It’s also why they’ll be playing in the Europa League again next season. If Elliott are happy in charge of a stingy, second-rate club, then there’s not a lot that fans can do, but AC Milan will never again be a top European side under such a regime.
Yes that’s why they’re in a healthier financial position. Invest means getting a return on investment and most top clubs don’t get that except maybe Bayern. This is why alot.of.clubs are in serious debt right now. Milan might not be in a better sporting position but their financial situation now is much much better than many Serie A clubs. What’s the point of short term success for such long term.debt