According to what was reported by Calcio e Finanza, AC Milan has closed the financial statement for the 2023/24 season with a second consecutive profit, following the one from the 2022/23 season.
The Board of Directors approved on Thursday evening the consolidated financial statement for the year ending June 30, 2023, which recorded a positive net result of 4.1 million euros.
The financial statement will then be submitted for approval at the Shareholders' Meeting, which will take place at the end of October. AC Milan recorded the highest revenues in its history, reaching 457 million euros (a 13% increase compared to the previous season).
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Milan 2024 financial statement – Over 100 million euros invested in two transfer windows
In line with the strategy pursued by Gerry Cardinale's RedBird, the growth in revenues has supported the ongoing strengthening of the men's first team, aiming for increasingly significant sporting results: investments made have exceeded 100 million in the last two transfer windows.
For the second consecutive year, as confirmed again by Calcio e Finanza, Milan has thus recorded a profit (+4.1 million), in line with the previous financial year. The year is closed with a positive consolidated net worth of 196 million euros.
