Study of wage bill shows how impressive Milan’s 2021-22 Scudetto win was

By Oliver Fisher -

AC Milan’s Scudetto win looks all the more impressive when reviewing the club’s accounts an in particular their wage bill, a report has revealed.

The Swiss Ramble have taken a look at the Milan accounts for the last year, and dedicated a section to how Paolo Maldini and Ricky Massara have done work on the overall salaries paid. The wage bill slightly increased by 1% to €170m, but it is still not as high as the pre-pandemic €185m in 2019.

In fact, Milan’s wage bill has only increased by €12m (8%) since 2016 and for comparison Inter’s is up €124m since then and Juventus are up €116m.

Milan’s €170m wage bill is the third highest in Italy, but Juve are way ahead of that with €337m and Inter also spend substantially more at €248m. Roma €169m and Napoli €155m both follow.

The Diavolo’s wages to turnover ratio went down from 70% to 58%, which is the lowest figure for the club since 2006. By comparison, it was 93% in 2019-20, while Juventus are currently at 81% and Inter 76%. Only Atalanta are better at 51%.

Tags AC Milan


  1. I don’t see any fans comment and praise Maldini & Masara did a good job when comes to article like this.

    But when comes to renewal or some player failed to join Milan, there’s plenty of video games manager with their “i told you so” comment who mocked Maldini & Masara 🙁

  2. I mean, when you don’t pay your best players and you let them leave, of course, you will have a low wage bill.
    But it is interesting that outside of Theo and Giroud, none of the other high earners on the team are actually showing return on investment.
    Origi, Rebic, Florenzi, Bakayoko, Dest give us almost nothing in return.
    Maybe its better if Maldini and Massara are not giving out high salaries because they give them to the wrong players

    1. Origi and Dest just arrived a couple of months ago. So how come you expect “return investment” from them when it’s not even a full season?

      Rebic and Florenzi already helped Milan with the scudetto and back to champions league with their goals and assist. They worth the money.

      The only failure is Bakayoko which is unfortunate because he’s a solid player back in Gattuso era. Nonetheless he’s only a loan player and Chelsea paid his salary. Milan didn’t lost much money from him.

      1. Rebic gets paid 3.5 million a year, and he scored 2 goals last season, and his job is primarily to score goals.
        Florenzi gets paid 3 million a season to be a back up. Came in as an injury prone player. Was injured last season he is probably out this whole season.
        Dest is on a 1 year loan deal and has given Milan nothing but few bad defensive errors. When will we see his contribution, when he leaves in June?
        Origi was signed injured and stays injured.
        We can only judge from past and present. We can’t predict the future

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