AC Milan is set to end the 2025/2026 financial year with losses estimated at around €25 million, significantly impacted by the absence from the Champions League for the second consecutive season, ending a three-year streak of profits.
According to "Calcio Mercato," Milan's revenues dropped from approximately €500 million to €433 million, with a 42% decline in broadcasting income and a 14.6% decrease in matchday revenues, while commercial revenues increased by 5.9% thanks to a new deal with main sponsor Emirates.
Meanwhile, player sales helped mitigate the losses, generating around €100 million, benefiting from the sales of Theo Hernandez and Malick Thiaw, while the transfer of Tijjani Reijnders was accounted for in previous financial reports.
Milan also had to allocate around €13 million to cover severance payments for former CEO Giorgio Furlani and former sporting director Paolo Maldini, while the club did not incur any additional costs related to the termination of coach Massimiliano Allegri's contract after reaching an agreement before his move to Napoli.
Despite these results, the report indicated that the club's financial situation is not alarming, as Milan has a net equity of €199 million, along with expectations of improved revenues in the future after purchasing the San Siro stadium and surrounding land, which will save the club about €5 million annually in rent, with an anticipated increase in matchday revenues.
