3 days ago
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AC Milan’s financial situation remains healthy, but a challenging 2025-26 awaits without any revenues from European football.
This morning’s edition of La Gazzetta dello Sport (seen below) has a ‘focus’ on the economic situation of each of the top Serie A clubs. The RedBird Capital-owned Milan have posted two consecutive profit-making financial statements, which means they are on the right path.
Owner Gerry Cardinale injected €55m, but only to finance stadium projects, not to support the club’s management. Over the past two seasons, the healthy finances and the cash left by Elliott had allowed for investments of over €100m annually.
If Sandro Tonali’s capital gain (€48m) was crucial to the club’s profit in 2023-24, Tijjani Reijnders’ will be crucial in closing the 2024-25 season in the black. Next season, the Rossoneri will suffer a revenue collapse due to their absence from the cup competitions (-€80m).
The sale of Theo Hernandez will only cover a quarter of the deficit but other players are leaving. Recording a loss for the year as of June 2026, won’t be a problem in itself, given that the club’s net worth exceeds €200m.
The key is maintaining balance, which must not be lost. After the Luka Modric exception, the purchase of 23-year-old Samuele Ricci falls within the type of operations that the American fund are so fond of, because of their value appreciation.
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