According to estimates by Calcio e Finanza, as things currently stand, Milan’s 2024/25 financial year is expected to show a negative gap between revenues and costs of around 25 million euros, resulting in a financial statement that would thus close in the red for the first time after two consecutive years of profit. More specifically, the colleagues specify that slightly increasing costs are being offset by declining revenues, with a sharp drop in the “capital gains” item, which in the 2023/24 season had been boosted by the sale of Sandro Tonali to Newcastle.
However, it must be said that in this case it would be more appropriate to use the conditional, since the Rossoneri club could take advantage of the new transfer window introduced by FIFA, which closes on June 30, to carry out outgoing operations, including players out on loan and others who might leave regardless (Reijnders and Theo Hernandez), who would provide an economic benefit.
For the first time in two years, Milan could post a loss in the balance sheet
According to forecasts from the Calcio & Finanza colleagues, should amount to around 25 million euros. While the maneuvering margin for this season may still allow the Rossoneri club to have a fairly balanced financial statement, the situation will certainly be more complicated for the 2025/26 season, the one in which the Diavolo will not participate in any European competition.
Comparing this season’s revenues with the estimates for the next, the RedBird-owned club could be missing out on around 80 million euros from qualification prizes and results achieved in the Champions League, in addition to various stadium earnings from home matches played during the competition. Furthermore, the absence from European cups could also impact certain bonuses tied to main sponsors—money that Milan could try to recover through the transfer market.
