"AC Milan has made a profit for the first time in 17 years following the results of the financial year, Calcio Finanza reports.
On 27 September, the Rossoneri's board of directors met to discuss the results of the financial year, which coincides with the 2022/23 football season.
The meeting resulted in a profit of €6 million. In the previous financial year, AC Milan had a loss of €66.5 million. "Milan closed the balance sheet with a profit for the first time since 2006, when the figure was almost €2.5 million.
In addition, the club's revenues in the fiscal year that ended exceeded €400 million (€297 million in the previous period). This is a record for Milan. Last season, AC Milan reached the semi-finals of the Champions League and finished 4th in Serie A.