Some more positive news arrived regarding AC Milan’s off-field resurgence yesterday as the figures for the first half of the 2021-22 financial year emerged.
La Gazzetta dello Sport (via MilanNews) talks about a ‘boom’ in revenue for the Rossoneri, which is up by 40% compared to the first six months of the 2020-21 season. Yesterday the Milan Board of Directors revealed an important increase in revenues which bodes well moving forward.
This rise was above all due to the increase in money earned from sponsors and TV rights, as well as the sale of Casa Milan for a profit. The paper adds that winning the Scudetto could bring another €90m into the coffers.
The work of CEO Ivan Gazidis and his collaborators continues to grow the Milan brand and bring more opportunities to the club from new sponsorships and partnerships, something that should be reflected in the end of year accounts as losses should be further cut.
There’s been a lot of criticism of how Gazidis ran Arsenal, but he left them in a strong financial position.
They can still spend like City and Liverpool and they haven’t been relevant for 10 years, just shows how good they were positioned by the management.
Ok, but Gazidis is in charge of maximizing profit, not recruiting players. So he’s doing that. Massara and Maldini are the ones that recruit players and they’re doing well. Combine the two elements and you have a winner. Who was in charge of player recruitment at Arsenal? We’re moving forward. 4 years ago we were 7th, in dismal financial condition and being kicked out of Europe for an FFP agreement. Basically on the edge of collapse. Now we’re 8 games from the title and still just starting to see the money rolling in. The sky is the limit.
sale of Casa Milan is a one time non recurring item. It shouldn’t be counted as an improvement in core business of Milan
Selling Casa Milan might not be a bad idea if they move the stadium to Sesti
Booo, Elliot out, they didn’t buy Haaland and Mbappe after 2 seasons.
Go back to Ps4 and picking Neymar. Either you trolling or you clueless or both
It’s pretty clear that is sarcasm tbh.