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AC Milan Post 100 Million In Losses But Hold Zero Debt; Financial Situation Improving

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Milan have significantly reduced their losses year on year and would have performed even better if not for the coronavirus.

ITALY-ARCHITECTURE-FOOTBALL Photo credit should read MIGUEL MEDINA/AFP/Getty Images

MilanNews.it are reporting that there have been a significant improvement in AC Milan's financial accounts at the end of the 2019/20 year as accounts closed on June 30th. Milan are expected to post losses of 100 million euros. This is a significant reduction of the 146 million in losses from the 2018/19 financial year. Also, about 20 million in losses are dirctly attributed to the coronavirus pandemic. The report from Antonio Vitiello importantly notes that Milan have no debt on the bond markets nor from credit from banks unlike other clubs in Serie A. The report also adds that Milan have taken advantage of factoring with their television rights and their player transfer fees. This indicates that Milan are being more fiscally responsible and putting the club back into a stable financial state.

Another report from MilanNews.it indicates that Milan is the only major club in Italy not to hold debt as Juventus, Inter Milan and AS Roma have issued bonds or taken credit worth over 300 million euros. An analysis from Sempre Milan adds that the implication of this is that Milan are not liable to any external investors or institutions at the moment. Moreover the club has a pure equity structure which means 100% of shares can be sold for cash. Most importantly, the zero debt makes Milan more attractive to investors and sponsors.