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Home Primo Piano

AC Milan’s remarkable turnaround | Losses reduced to only 25 million euros

Wajih by Wajih
30 March 2023
in Primo Piano, News
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Corner flag bearing logo of the Rossoneri club is seen prior to the Serie A football match between AC Milan and Juventus FC. (Photo by Nicolò Campo/LightRocket via Getty Images)

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As reported by Il Corriere della Sera, the match between AC Milan and Napoli will be a challenge between champions of sustainability. Milan won last year, while Napoli is very close to winning this year. Milan's 19th Scudetto, which arrived 11 years after the last one, opened up a new path in May 2022. No more crazy expenses, a cap on salaries, an aimed market for the purchase of young and prospective talents - this is the (winning) strategy initiated by Elliott with CEO Ivan Gazidis and now being continued by RedBird and Gerry Cardinale.

AC Milan's financial statements for 2022/23 should close with a loss of only 25 million euros, more than halved compared to €66.5 million in the 2021/22 season, when the trend was already evident, given that the previous year had ended with a loss of 96.4 million euros and the one before that with -194.6 million euros. The Scudetto victory (with the fourth-highest wage bill in Serie A) was proof that virtuous business management can lead to exceptional results and that difficult choices can even lead to improvements, if there is planning.

Paolo Maldini made some really wise decisions in the summer of 2021 by saying no to excessive requests from Gianluigi Donnarumma, and no one would have imagined that his replacement, Maignan, who was signed for only 15 million euros, would later prove to be decisive for the Scudetto.

Mike Maignan Paolo Maldini AC Milan
Mike Maignan and Paolo Maldini attend before the UEFA Champions League group E match between AC Milan and FC Salzburg at Giuseppe Meazza Stadium on November 02, 2022 in Milan, Italy. (Photo by Claudio Villa/AC Milan via Getty Images)
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Wajih

Wajih

A writer, passionate about football: Serie A and AC Milan in particular. For business inquiries: Wajihmzoughi1996@gmail.com

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