AC Milan are expected to post yet another profit-making set of accounts for 2023-24, a report claims, and fans now anticipate this being partnered with greater ambition.
For the second consecutive financial year, as Tuttosport (via PianetaMilan) reports, Milan will close the balance sheet in the black rather than the red, which is yet another sign of the continuously improving financial health of the club.
However, the management are waiting to have a stadium of their own, and that could be the definitive boost to increase the strength of the Rossoneri when it comes to fighting for the best players in the transfer window.
According to the estimates published in preview by Calcio e Finanza, the 2023-24 accounts which closed on June 30 should record a profit between €10-20m, a further improvement compared to that of the 2022-23 season.
The new agreements with the main sponsor Emirates and with the technical sponsor PUMA helped, in addition to the huge capital gain of Sandro Tonali. The turnover should be somewhere between €435-440m.
The expenses in the playing squad are increasing though, given the investments in the 2023 summer window which have resulted in a raise in the amortisation figures. This, of course, related to the fees paid out for Christian Pulisic, Tijjani Reijnders, Ruben Loftus-Cheek, Samuel Chukwueze and others.
Yess! Next season will be ours. We’ll definitely win that 2nd star of Accounting Scudetto.
Some might say we might even get the treble….Revenue Cup, wage cap trophy and the missed targets Scudetto.
Imagine if instead of a second star there’s like two mini books on the team kit 😂😂😂
We won the league barely two seasons ago, don’t know why you’re crying. All we need to find is a replacement for Franck Kessie, that’s it, and another 2 strikers. Then we should be fine.
Ligthen up dude. It’s a joke
Great. Where reinforcements?
I wonder what you people were saying when we were spending 200m a window and finishing between 5th and 10th every season.
Who’s cheering for reckless spending here? You’re making things up in your head.
Reinforcements? Yes. We see Atalanta buying CdK and signing Zaniolo, Inter getting Zielinski and Taremi, Juventus sigining Luiz Douglas and finalising Thuram and Di Gregorio.
And us? Procrastinating when we should have targets locked. In case you don’t know we also have a new coach and with new coach, new system, ideas of play and tactics come. That’s why the rush and call for reinforcements. There’s no time to lose if we want the team to be prepared.
You’re equating being critical at the recruitment policy while under a healthy budget with wanting to have reckless spending. Those two things are mutually exclusive.
When we were spending 200m in one window for the quality of players we got, I was saying what nonsense these guys are doing. My heart sank because I knew the model was unsustainable and we’d have penalties in the future. Fassone/Mirabelli growth projections were wayyyy to optimistic and over estimated the Chinese market for instance.
Btw i wrote a whole write up in the Di Marzio article on how to achieve high quality targeted signings on a zero net budget. Don’t just a.ssume because we’re critical of the budget that it automatically means we want a 100m striker. I just want to see sensible actions take place
💯💯💯💯💯