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Yesterday, AC Milan confirmed a third successive year of profit for the year. It comes at a time where improvement is the common theme.
The accounts are probably the biggest day of the season for many people, and whilst Milan were close, they managed to get through the year in profit again. It is a record-breaking third year in a row, which is immensely positive in itself.
Key figures
What does that actually mean for the Rossoneri, though? Well, as Corriere dello Sport (via MilanNews) write, the accounts are enviable, with more than €13 million in profit made in the past three years – including this year’s €3m success.
To make that figure, the Diavolo had a turnover of €495m, without even owning their own stadium. Results that, frankly, will only improve. The revenues have never been so high, and whilst sacrifices had to be made, they have been made with progress.
Considering the question has regularly been ‘Are RedBird prioritising profit over results?‘, seeing how this season is going, maybe it cannot be doubted anymore. They want both.
Additionally, the report notes that Milan now have a net worth of €199m. Now, this doesn’t mean the actual value of the club, but rather that the balance sheet is ‘secure’ without needing investment from a shareholder.
In other words, a very strong position to be in, like the report states, enviable, even.
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