Milan close financial year with profit again as revenue hits historic record | OneFootball

Milan recorded a €4.1m net profit in 2023-2024, ending the financial year with a gain for the second consecutive time. They also increased their revenue by 13% compared to last season, as reported by Calcio&Finanza.

The Rossoneri’s board will approve the balance sheet for the 2023-2024 season at the end of October, but some figures have already been published, showing a stabilisation of last year’s positive financial results.

Milan close financial year with profit again as revenue hits historic record

Calcio & Finanza reports that Milan’s 2023-2024 financial year ended with a net profit of €4.1m. This is the second consecutive year that the club has finished the financial year with a profit, after they recorded a €6.1m net gain 12 months ago.

Milan’s revenue has also increased to €457m, marking a 13% growth compared to 2022-23 and a record figure for the club. This is partially due to the capital gain derived from Sandro Tonali’s lucrative sale to Newcastle.

The Rossoneri’s financial results are particularly impressive when considering that they invested over €100m to sign new players throughout their last two transfer windows, also increasing the cost of their personnel by 8%, to €11m.