"In summary, AC Milan 24/25 has confirmed a generally positive trend, with some historic records from 1994 to today in terms of revenue (thanks to capital gains) and a largely positive net worth. Sponsorship increases are disappointing (though they will increase in the current financial year), but overall the commercial side continues to generate revenue, which, along with sponsorships, has led the Rossoneri to the top spot in the Italian league in this specific revenue category."
"For fans who complain about profit being achieved solely through capital gains, a sign that undoubtedly denotes uncertainty (impossible to deny), I remind you that, unfortunately, the performances of Italian clubs are correlated with sporting results. Therefore, lacking English television rights, clubs must find alternative sources of income, such as commercial revenue + sponsorships (where Milan excels in Italy) and player management fees."
AC Milan recorded a third straight year of profit, aided by significant player sales and capital gains that pushed revenues to historic levels since 1994 and produced a positive net worth. Sponsorship growth lagged but commercial revenue remained strong, placing Milan top among Italian clubs in that revenue category. Profit reliance on player trading and capital gains signals uncertainty given the link between Italian club finances and on-field results. Without lucrative English television rights, clubs must pursue commercial income, sponsorships and player management fees. Stadium revenue will remain limited until stadium ownership is secured.
Read at SempreMilan
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