CM: Sustainability, growth and a stadium - why Milan and Inter's visions are the same

"Milan and Inter 'are experiencing an era of incredibly similar financial objectives'. Both are owned by North American funds: the Rossoneri are owned by RedBird Capital, while it is Oaktree Capital for Inter. For both clubs, the word sustainability means first and foremost one thing: no longer being absolutely dependent on sporting results, especially European ones."

"Milan's accounts started from a €96m loss, and as a result of Elliott Management's work, achieved a €6m profit in 2022-23, which was the first of three straight years in profit. Inter's, on the other hand, started from a very heavy €246m loss, gradually decreasing to a record €35m profit achieved a year ago."

"On the one hand, Milan have opted to heavily utilise the player trading strategy, selecting players who are not very old and selling them on as needed, completing huge capital gains. This season, with Allegri on the bench, the trend has changed slightly with the signings of Luka Modric and Adrien Rabiot, which have brought the Rossoneri closer to the Nerazzurri's strategy."

AC Milan and Inter, owned by RedBird Capital and Oaktree Capital respectively, share comparable financial objectives centered on sustainability. Both clubs emerged from significant post-COVID losses—Milan from €96m and Inter from €246m—to achieve consecutive profitable years. Sustainability for both means reducing dependence on sporting results, particularly European competition outcomes. Milan demonstrated this by remaining profitable despite no UEFA competition participation this season. However, their sporting strategies differ: Milan historically emphasized player trading with young talent for capital gains, exemplified by Tijiani Reijnders, though recent signings like Luka Modric and Adrien Rabiot signal strategic evolution. Inter minimized player trading impact and high transfer fee amortization through different consolidation approaches.

Read at SempreMilan