AC Milan

2022 - 10 - 25

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Image courtesy of "AC Milan"

AC MILAN SHAREHOLDERS' MEETING APPROVES 2021/2022 ... (AC Milan)

The Club consolidates its positive path with a positive EBITDA and a significant improvement of its Net Financial Position. Chairman Scaroni underlines the ...

The revaluation of the value of the brand, which was carried out for civil law purposes only (thus without any tax-related implications) in compliance with the principles of prudence, reasonableness and demonstrability, was recorded under intangible assets in the Club's financial statements. In addition, lower capital gains from the sale of players' rights (-€14.6 million) and lower income from the sale of TV rights (-€5.2 million) – the latter is the result of fewer matches played in 2021/22 compared to the previous season. Aimed at determining the real value of the brand and thus providing a true and fair representation of a corporate asset, the brand revaluation procedure was performed after a legal opinion from PwC TLS Avvocati e Commercialisti had been sought and as a result of the appraisal conducted by independent advisor Wepartners SpA. A positive EBITDA was recorded (€29.3 million), as was an improvement in the Club's Net Financial Position as of 30 June 2022, with a net debt of €28.4 million (vs €101.6 million recorded in the previous financial year). Finally, the Club took the opportunity to benefit from the accounting revaluation of the "Milan" brand under Decree-Law No. We must continue with the same determination, with the commitment of our players and all the Club's collaborators," Scaroni continued.

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Image courtesy of "Reuters"

Soccer AC Milan cuts yearly loss and eyes renewal of Emirates deal (Reuters)

AC Milan trimmed its annual loss last year thanks to rising commercial revenue and continued cost discipline, the Italian soccer champions said on Wednesday ...

President Paolo Scaroni told reporters he was confident of further reducing the club's losses to potentially hit breakeven in the upcoming financial year. "We are in a period of rapid commercial growth", CEO Ivan Gazidis said on an online briefing. "We have a long relationship with Emirates ... Register for free to Reuters and know the full story Once a dominant force in European soccer with seven European Champion titles, AC Milan returned to glory in May, winning the Italian Serie A title for the first time in 11 years. MILAN, Oct 26 (Reuters) - AC Milan trimmed its annual loss last year thanks to rising commercial revenue and continued cost discipline, the Italian soccer champions said on Wednesday, as it eyes the renewal of a long-standing sponsorship deal with airline Emirates.

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Image courtesy of "SempreInter"

AC Milan President Paolo Scaroni: "Focusing On Building New ... (SempreInter)

AC Milan's intention remains to stick to the plan of building a new stadium in the San Siro, although plans could change if this proves to be too.

The Milan president said that “Let’s go forward assuming that if we have the authorization for using the San Siro area, we will build it together with them.” “If we build in the San Siro area it will be with Inter, because they would not allow the use of the space to just us,” he explained of building jointly with the Nerazzurri. “I hope that we will have an answer by early November, and I hope that this process will help to simplify the appeals to the TAR, and that the judge will look at them in a more positive light.”

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Image courtesy of "The Washington Post"

AC Milan improving off the field as well as on it (The Washington Post)

Milan, which was recently taken over by RedBird Capital Partners, reported a loss of 66.5 million euros ($66.7 million) for the 2021-22 financial year at a ...

I am convinced that, thanks to RedBird’s experience and expertise in sports and finance, we will be able to further strengthen the AC Milan of the future — a sustainable and winning club.” “I don’t think (Inter’s financial situation) will cause difficulties for them on the stadium front. “The 19th ‘scudetto’ triumph and the growing value of the AC Milan brand provide further confirmation of the growth path that the club has undertaken both on and off the pitch,” Milan president Paolo Scaroni said.

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