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Gazzetta: Milan finances in the red but there are very good signs of improvement

Wajih by Wajih
14 May 2021
in News, Primo Piano
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According to La Gazzetta dello Sport, AC Milan's financial health and situation is negative, however it still improved.

In fact, the newspaper explains that the finances of the club has gone from -195 million euros to just -95 million.

It is still a negative result, but calculating the pandemic factor and what was declared for the previous year (-195 million euros), it is a good step forward for Milan.

In this sense, the cost reduction policy and the maximum cap on engagements are fundamental. The gross burden, thanks to the guides dictated by the club, is around 110 million euros. 

This is accompanied by the commercial part, the arrival of new sponsors and the policy of attracting young fans. The great increase of 200% online in the sale of jerseys should be underlined, given the closure of stores.

If we add to this what seems to be coming in perspective , the situation seems to be almost red. In the last year with the fans present at San Siro , revenues from the stadium stood at around 35 million euros.

Presumably next year we could go back to counting 50 million euros, to which the other 50 must be added in case of return to the Champions League. In this way, revenues would already increase by a hundred million.

Tags: Milan
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Wajih

Wajih

A writer, passionate about football: Serie A and AC Milan in particular. For business inquiries, contact: wajihmzoughi1996 [at] gmail [dot] com

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