Raimondo: Milan still ‘depend a lot on UEFA revenues’ – the worrying figures | OneFootball

A sizeable gap in revenues could open up between AC Milan and their rivals Inter without any Champions League football.

Milan are currently ninth in the league table and at present have virtually no chance of a top four spot, which would mean being out of Europe’s top club competition for the first time in five years, having qualified for the last four editions.

The sporting impact in terms of the project and potential changes remains to be seen, but the economic effects are available to calculate. The Rossoneri earned over €60m from playing UCL football this season with more to be added, so no Europe would leave a big hole in the accounts.

On his X account, the lawyer and football finance expert Felice Raimondo responded to a tweet showing an unofficial list of the highest earning clubs in UEFA competitions this season. Milan sit in 19th place with €61.4m, fourth among Italian clubs.

“Inter will probably reach 430/450 million in fixed revenues net of capital gains this year. We are more or less 50 million behind, a difference that can be almost entirely attributed to the different European paths. And next year the difference net of capital gains will be even more accentuated because we will not be playing in the CL.

“The gap on June 30, 2026 could even exceed 70 million net of capital gains, thanks to the Club World Cup, and assuming that Inter continues to reach the eighth and quarter-finals of the CL also in the 2025/26 season. Proof of the fact that our turnover (but also that of the other Italian teams) still depends a lot on UEFA revenues.

“We had managed to get them back, but unfortunately the limping sports management of RedBird made us go backwards. Responsibility to be attributed entirely to the methodology with which they wanted to manage the sports part, which evidently did not bring the hoped-for results and which was recently the subject of Furlani’s trip to the USA.

“A change of direction is needed because Milan needs to become highly competitive again in Italy and Europe. And to do that, they need to change their tune… starting from the top.”