GdS: 'The sustainability' derby - how Milan continued their positive financial path

"Milan got there first, having fallen under the wing of an investment firm before Inter. While Elliott Management had started the turnaround, since 2022 RedBird has completed the work, consolidated the club's virtuous trajectory, and accelerated growth. The result? Three consecutive years in profit (after 17 years of losses) between 2022-23 and 2024-25, with the sporting highlights of reaching the Champions League semi-final and winning the Supercoppa Italiana."

"Milan can absorb the deficit in a much less dramatic manner, having built a virtuous model over time, based on RedBird's medium-long term vision, especially given that the vendor loan has since been repaid. The management team, led by president Scaroni and CEO Furlani, has capitalised on the ownership's experience and expertise to develop its business lines, seeking to combine competitiveness and budgetary discipline."

AC Milan's financial strategy has fundamentally shifted from the expensive spending era of Berlusconi and Moratti to a sustainability-focused approach under RedBird Capital Partners since 2022. The club achieved three consecutive profitable years (2022-23 to 2024-25) following 17 years of losses, highlighted by Champions League semi-final appearances and Supercoppa Italiana victory. Despite missing European competition this season and facing an estimated €30m loss, Milan's virtuous financial model allows it to absorb deficits more effectively than competitors like Juventus. Management under president Scaroni and CEO Furlani combines competitive ambition with budgetary discipline, supported by RedBird's long-term vision and repaid vendor loans. The club's sustainable approach positions it for future growth despite inevitable revenue decline from last season's €411m.

Read at SempreMilan