Milan made clear improvements compared to 2019-20, as the Rossoneri reported a loss of €96.4m in 2020-21.
The Diavolo finished second in Serie A last term and are currently preparing to play Atletico Madrid in the Champions League tomorrow.
The return among the elite is not the only sign of a healthy Milan, as the club’s project to invest in younger players has clearly paid off economically.
Milan reportedly closed the financial year on June 30, 2021, with a loss of €96.4m, which is almost €98.2m less than the previous season.
In 2019-20, the club reported a total loss of €194.6m. Calcio e Finanza reports Milan managed to reverse the trend despite strengthening the squad ahead of a busy season.
Over €70m were invested, while the club doesn’t have any debts towards the banking system, according to the outlet.
Milan are currently second in Serie A, two points behind leaders Napoli and two points above Inter at third in the Italian top flight.
Il #Milan ha chiuso il bilancio al 30 giugno 2021 con un passivo di 96,4 milioni di euro che registra un netto miglioramento rispetto al -194,6 del 2019/2020
— Giovanni Capuano (@capuanogio) September 27, 2021