CF: Milan register €4.1m profit for the 2023-24 financial year – the key figures | OneFootball

During a meeting on Thursday evening, the Board of Directors at AC Milan approved the financial statements for the 2023-24 financial year. According to Calcio e Finanza, the Rossoneri will register a profit of €4.1m.

For the second consecutive year, Milan will register a profit and this is unheard of in Italy. According to Calcio e Finanza, the Board of Directors approved the consolidated financial statements for the 2023-245 financial year on Thursday evening, with a profit of €4.1m to be registered.

This profit will be presented to the shareholders at the end of October for the final go-ahead. The profit stems from an increase in revenue as Milan had their highest-ever revenue in their history at €457m (an increase of 13% compared to last season).

The increase in revenue is mainly linked to finishing second in the league – as opposed to fourth in 2022-23 – the capital gain from Sandro Tonali’s sale, the growing commercial revenue, premium tickets at San Siro and pre-season games (as well as the one in Australia).

There was a decrease in revenue from the Champions League, with less ticket revenue as well, and there were investments on the mercato (player costs increased by 8%, €11m, bet6ween wages, renewal and new signings). However, despite this, Milan managed to stay profitable and that is a huge achievement for Gerry Cardinale and RedBird.