MF: Milan have platform to invest thanks to accounts – the comparison with Juventus and Inter | OneFootball

AC Milan are by far the best managed big club in Italy when it comes to the financial outlook, with the challenge now being to translate that into on-field success.

Milano Finanza (via MilanNews) have drawn up a ranking of the Serie A teams based on their balance sheets (data as of 30 June 2023), and it is perhaps not surprising to hear that Milan’s outlook is positive when compared to their rivals.

AC Milan

➤ Debt as a % of revenues: 61.8% ➤ Total debts: €250m ➤ Revenues: €404.5m ➤ Personnel costs: €174m ➤ Net result: €6.1m ➤ Net worth: €177m

Juventus

➤ Debt as a % of revenues: 155.8% ➤ Total debts: €791m ➤ Revenues: €507.7m ➤ Personnel costs: €282m ➤ Net result: €-123.7m ➤ Shareholders’ equity: €42m

Inter

➤ Debt as a % of revenues: 189.7% ➤ Total debts: €807.3m ➤ Revenues: €425.5m ➤ Personnel costs: €227m ➤ Net result: €-25.2m ➤ Shareholders’ equity: €-161m

As Felice Raimondo writes, the ‘budget Scudetto’ is not of interest to the fans but to the owners, who must make an investment profitable through economic and infrastructural growth (stadium).

In reality, the budget would also be of interest to the fans if it entailed greater investments in the squad and, therefore, greater ambitions.

Fans generated ticket revenue of €72m out of their own pockets and this is money that, just as it arrives, can also remain in their pockets if answers do not come from the field.