Milan first half – The Milan closed the first half with a profit, with strong growth in revenues compared to the first half of the 2020/21 financial year. The Rossoneri club’s Board of Directors, chaired by the president Paolo Scaroniin fact, met today to approve the financial position relating to the operating performance of the first half of the 2021/2022 financial year, consolidated at 31 December 2021. And according to what has been learned from Football and Financethe company ended the first half of this year returning to profit.
AC Milan, in fact, is continuing the path of recovery and relaunch with an improvement in the main financial indicators, despite the negative economic impact that the Coronavirus emergency has left on the sector in the first part of the 2021/22 season, on the wave two years significantly affected by Covid.
Milan first half – The figures and the operation Casa Milan
In particular, the overall balance sheet for the first six months of the 2021/22 financial year returned to a positive sign, with a profit of 3 million euros, essentially by virtue of the significant growth in revenues (up 40% compared to the first six months of the 2020/21 season) and the effect of some extraordinary revenues attributable solely to the first half. Among these also the sale of Casa Milan to a real estate fund, which translates into a financial contribution of approximately 18 million euros.
At the end of the season the company is expected to close the balance sheet with a further reduced loss. The data show an overall confirmation of the positive trend of reducing losses, reflecting the reversal of the trend towards a sustainable future for the club.
«In the last year we have not invested in equity in the club’s coffers and we shouldn’t do it even soon: the boat has stabilized and is focused on commercial growth as well as on performance on the field“, he said Giorgio FurlaniPortfolio Manager of the Elliott fund and director of AC Milan, who spoke recently FT Football Summit 2022 organized by the Financial Times in recent weeks.
According to estimates of Football and Finance dating back to December 2021, the company is expected to tap share 300 million of revenues at the end of the current year.
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