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AC Milan Set To Post €100 Million In Losses For 2019/20 Financial Year

The club improved compared to the previous year but was hindered by the coronavirus.

Bologna v AC Milan - Italian Serie A Photo by Danilo Di Giovanni/Soccrates/Getty Images

MilanNews.it are reporting that AC Milan will post a loss of 100 million euros as they close their balance sheet on the 30th of June for the 2019/20 financial year. This is an improvement from last year's record loss of 146 million euros. The report notes that these numbers are tentative and that the initial estimate was of an 80 million euro loss.

The 20 million disparity is being attributed to revenue losses caused by the coronavirus pandemic where the club missed out on ticket sales from major home fixtures. Sponsorship fees related to match days also contributed to this.