Friday April 15 2016
Milan costs up, revenue down

Milan are in talks for a sale to Chinese investors, but it’s reported their revenue has dropped and costs increased, running at a loss of €89m.

President Silvio Berlusconi values the club at €1bn, whereas the Chinese investors with American advisors are closer to €650m.

Forbes estimated the value of the Rossoneri at €775m, but new details show there are big problems at San Siro. claim the accounts that will be presented to the shareholders on April 28 show they ended 2015 running at a loss of €89.3m.

This is a reduction from the €91.28m of 2014, but at that time Milan had the excuse of ‘extraordinary’ €21m expenditure that isn’t in the 2015 accounts.

It would mean that over the past five years, Milan have lost €270.5m.

The most worrying aspect is that revenue has reportedly dropped from €233m in 2014 to €221m last year.

Some of that is down to the lack of European games and a drop of around 10,000 spectators per match in Serie A to just 31,876 on average.

The costs have gone up by four per cent to €304m, much of it represented by wages.

Over the summer of 2015, Milan spent €122.6m on players and brought in just €7m from sales.

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