GdS: Squad costs, revenues, top earners – Milan, Inter and Juventus’ finances compared | OneFootball

AC Milan’s financial situation remains much healthier than that of their rivals but they continue to spend less than both Inter and Juventus on the squad itself.

Today’s edition of La Gazzetta dello Sport has published a comparison between Milan, Inter and Juve’s financial situations based on the numbers published in the accounts. The balance sheet for the Rossoneri as of 30 June 2024 will still close in profit.

After being €6m in profit in the year prior, the estimate is around €20m this time around, thanks to the double-digit increase in commercial revenues and the €50m from player trading (the sale of Sandro Tonali mainly).

On the other hand, salaries and depreciation increased by at least €10m. In the last season the cost of the squad (player salaries plus depreciation) was around €220m, much less than Juve (€360m) and Inter (€280m).

The Milan management have built a margin for itself to increase their spending and bolster the squad, while the departures of various players this summer have already produced savings of around €30m, between salaries and depreciation.

Milan, unlike the other big teams, does not have the need to sell, but will continue to move with caution. After the renewal of Rafael Leao, Mike Maignan and Theo Hernandez’s deals expire in 2026, so the club are aiming for extensions but without being dragged into dangerous increases.

The Diavolo earned more in revenues net of player trading than Inter (€398m to €386m) but less than Juve (€438m), while the wage bill at €149m is less than the Nerazzurri’s €197m and the Bianconeri’s €255m.