MILAN : AC Milan returned to profit for the first time in 17 years in the 2022-23 season, helped by reaching the semi-finals of the Champions League, the Italian Serie A club said on Monday.Now owned by U.S. investment group RedBird Capital, Milan reported record annual revenues of 404.
MILAN : AC Milan returned to profit for the first time in 17 years in the 2022-23 season, helped by reaching the semi-finals of the Champions League, the Italian Serie A club said on Monday.
That allowed the club to generate a net profit of 6.1 million euros in the year to the end of June - putting them back in the black for the first time since 2006, which Chairman Paolo Scaroni hailed as an"important step." AC Milan and Inter currently share the famous San Siro stadium but both are looking at alternatives to a venue that was built in 1926 and has been repeatedly renovated.
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