Milan post profits after record €457m revenue in 2024 fiscal year | OneFootball

Milan confirmed that they have posted profits for the second fiscal year in a row, as they recorded revenues of over €450 million, which is an all-time high for the Rossoneri.

Milan and its investors assembled for the Shareholders’ meeting on Monday, where the club confirmed that they had secured a 13% increase across club revenues.

Milan confirm record revenues in 2024 fiscal year

For the second consecutive year, the Club recorded a net profit, with a consolidated positive result of €4.1 million, consistent with the 2022/23 season,” the club wrote in an official statement.

“This profit was fueled by record revenues of €457 million, marking a new all-time high for the Club, surpassing the previous season’s record of €404.5 million, representing a +13% increase.”

They continued: “These financial results have supported the continuous strengthening of the sporting project, with over €100 million net invested in the last two transfer windows, net of player sales, and an additional net increase in multi-year player rights valued at €8.4 million.

“The Club’s investment in its squad is further reflected in the 8% increase in overall wages for all registered Club members compared to the 2022/23 season.”