A.C. Milan, historical revenue record and second profitable balance sheet
In the 2023/24 season, synergies with RedBird and the internationalisation process of the brand will consolidate the Rossoneri club's heritage
2' min read
2' min read
For the second year in a row, AC Milan recorded a positive consolidated result of 4.1 million, in line with the 2022/23 season (when the profit was 6 million), and achieved a new record in the club's history after the one set last season (404.5 million) in terms of turnover with 457 million in revenues, with a further increase of +13%. These are the two numbers that summarise the consolidated financial statements as at 30 June 2024 unanimously approved by the Shareholders' Meeting and dismissed by the Board of Directors last September.
Market investments
."The financial results," reads the note accompanying the financial statements, "have supported the continued strengthening of the sports project, with over 100 million in net investments made in the last two football market windows, net of disposals, and the further net increase in players' registration rights of 8.4 million. In the same direction of reinforcing the value of the squad is also the +8% increase in the cost of all players' wages, compared to the 2022/23 financial year.
revenues
.The economic growth is attributed to various sources of revenue, starting with sponsorship income, which amounted to 90.5 million (+9.7 million compared to the previous year), by virtue of the signing of contracts with new counterparts for the current and following seasons, and commercial income and royalties, worth 52.9 million (+6.4 million), driven by the sale of premium seats at the stadium.
'A significant contribution to value generation also comes from RedBird's qualified network of partners and consultants, who through diversified skills and international experience have collaborated to develop projects in the areas of retail, marketing and innovation', the note continues.
A significant contribution also came from the management of players' rights, up by 45.9 million compared to last season, due to capital gains realised and higher revenues from the temporary transfer of players' performances. The positive result was achieved despite the reduction in income from audiovisual rights and ticketing, influenced by the path in the European competitions that, compared to last season, saw a decrease of about 40 million.
