He Milan It made a profit, for the first time in 17 years, and in the 2022-23 season, when it reached the semifinals of the Champions League, as announced on Monday by the red and black club.
During the 2022-23 fiscal year, which ended on June 30, 2023, the Milan It made a profit of 6.1 million euros, while in 2021-22 it had losses worth 66.5 million euros.
These benefits were made possible thanks to the strong increase in turnover, which registered a jump of 36% compared to 2021-22 to 404.5 million euros, “a record in the club’s history,” the club’s statement said. Milan.
The sporting results partly explain this development: by reaching the semi-finals of the Champions League, where they lost to their great rival, Inter, and by finishing 4th in Serie A , The Milan recorded an increase in its commercial and sponsorship income (+44.4 million euros). , television rights collected (+41.8 M EUR) and ticket sales (+40.3 M EUR).
He Milan It has also reduced its expenditure on salaries and transfers, with a decrease of 50.5 million euros a year, which will continue in the current year with the results of the transition period that has recently ended.
Furthermore, the statement states, the owner of the club, the American investment fund RedBird Capital, has invested 40 million euros in the new stadium project.
Milan and Inter They want to ditch the legendary but aging San Siro, the stadium they share, and each is projecting a venue with between 60,000 and 70,000 seats by 2027 or 2028.
These financial results “mark an important step in the history of our club heading for a new important chapter in its development,” he celebrated. Paolo Scaronipresident of the club owned by Silvio Berlusconi from 1986 to 2017.
He Milanfacing the PSG on Wednesday at the Parc des Princes in the Champions League, they are currently 2nd in the Italian league, one point behind the leaders, Inter.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
