If the rumors from C&F receive official confirmation, that is, a positive balance of 6 million euros for the 22/23 season, assuming this figure coincides with the statement sent to UEFA (resulting from different recalculations), Milan is fully compliant with the Settlement Agreement signed with the Financial Police of Nyon. But not only that: unlike others, the rossonero club can afford to step on the gas and exceed, writes Felice Raimondo.
In fact, UEFA's imposed objective is to return within the maximum aggregate deviation set at -60 million, the result of the sum of any deficits recorded in the financial years ending in the seasons 2022/23, 2023/24, and 2024/25 (monitoring for 2025/26).
Furthermore, Milan also meets the intermediate requirement that imposed a maximum aggregate deficit of -60 million already by June 30, 2024 (result of the sum of the deficits from the two previous seasons 22/23 and 23/24; in the latter, the Tonali capital gain will give an additional boost to revenues, which will probably approach 500 million).
So if AC Milan closes the 22/23 financial year in the black, it can afford to increase costs in the following two years (perhaps for a top striker?), while still respecting the maximum aggregate deficit of -60 million. In addition, for everyone, the squad cost rule (the ratio between relevant expenses and relevant revenues) will be set at 90% in 23/24, then it will drop to 80% in 24/25, and in 25/26 it will be established at 70%.
Inter and Roma, on the other hand, will have to comply with stability requirements (i.e., the so-called football earnings rule within the maximum aggregate limit of -60 million), during the monitoring period evaluated in the 2026/27 season; that is, covering the reporting periods ending in the seasons 2023/24, 2024/25, and 2025/26. Therefore, the last financial statement for 2022/23, closed at -85 million, will not be considered for the football earnings rule (for that season, UEFA provided a restriction on the lists). Inter and Roma will also have to achieve an intermediate target that will impose a maximum aggregate deficit of -60 million, the result of the sum of deficits recorded in the 2023/24 and 2024/25 seasons (monitoring for 2025/26).
Therefore, the "important" monitoring for the Nerazzurri and Roma will start from the current 2023/24 season, the result of which will be evaluated both in the intermediate monitoring (seasons 23/24+24/25 = maximum deficit -60 million) and in the final one (seasons 23/24+24/25+25/26 = maximum deficit -60 million).
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