AC Milan, like other clubs in Europe, has suffered heavily due to the Covid-19 pandemic which affected the balance sheet negatively. Now, the accounting year has effectively closed with a loss of 96.4 million, which is a remarkable improvement compared to the one of the season of 2019-2020, when the auditors calculated an overall loss of -194.6 million.
But now that life is starting to come back to the sporting world, there are some signs of improvements, reports Milannews.it. The club Rossonero's accounts have seen an enhancement in parallel with good results on the pitch.
The source writes the following: "Milan continues to be a club that does not have "traditional" debts with banks as well as has no bond debts."
Now, it is time to focus on accelerating on the project of owning a stadium. A modern one with state of the art facilities that can work as a touristic attraction to everyone 7 days a week and not just during football games. This would mean having new sources of revenue which were lacking before. Only that way would Milan make the jump and have better numbers relating to the club's financial health. Eventually, that would benefit the management would be able to use these gained sums of money in the transfer market to fund some much-needed moves.
