Sole 24 Ore: Milan’s financial health continues to improve after record revenues | OneFootball

AC Milan’s financial resurgence continues and yesterday’s approved 2023-24 accounts highlighted further positive trends for the club.

As Il Sole 24 Ore (via MilanNews) recall, the accounts for last season were approved last season and the results for the Rossoneri are once again excellent, in perfect continuation of the last few years since the Chinese ownership.

The economic newspaper has the headline: ‘AC Milan are healthy, second year of profits and historic record revenues’. The subtitle provides some additional numerical information: ‘In the 2023/2024 season, the Rossoneri have earned 457 million, up 13%, investing over 100 million in the market in two years’.

For Milan, this is the second consecutive profitable set of accounts published. The figure of €457m in revenues with which the balance sheet closed represents a historic record for the club, and proves that the work done commercially is beginning to bear fruit.

There is a debate raging at the moment regarding Milan’s ambitions and whether the financial improvement has been congruent with an intention to raise the level of the squad.

We broke down the key numbers in a recent feature including what has changed with the squad costs, the wage bill, the salary the coach earns and the spending per player.