Reporting Sports in a refreshing style

Milan report a €96.4m loss in 2020-21

AC Milan made clear improvements compared to 2019-20, as the Rossoneri reported a loss of €96.4m in 2020-21.

The Diavolo finished second in Serie A last term and are currently preparing to play Atletico Madrid in the Champions League.

The return among the elite is not the only sign of a healthy Milan, as the club’s project to invest in younger players has clearly paid off economically.

Milan reportedly closed the financial year on June 30, 2021, with a loss of €96.4m, which is almost €98.2m less than the previous season.

READ ALSO:Man Utd selling Ronaldo to Real Madrid was right call, says Sir Alex

In 2019-20, the club reported a total loss of €194.6m. Calcio e Finanza reports Milan managed to reverse the trend despite strengthening the squad ahead of a busy season.

Over €70m were invested, while the club doesn’t have any debts towards the banking system, according to the outlet.

Milan are currently second in Serie A, two points behind leaders Napoli and two points above Inter at third in the Italian top flight.

You might also like