Milan Reports a Net Loss of €24 Million for Fiscal Year 2025/26
Milan has announced its financial statements for the fiscal year ending June 30, 2026, revealing a net loss of €24 million after two consecutive years of profit.
During a shareholders’ meeting held today, the club confirmed these financial details through an official statement.
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The club concluded the fiscal year 2025/26 with total revenues amounting to €464.6 million, marking a significant shift as they face a net loss of about €24 million.
This is after the Rossoneri registered a profit for two years running, which was €2.9 million last season.
Milan Sporting Results Damage Financial Prospects
SALZBURG, AUSTRIA – OCTOBER 15: Luka Modric looks on before the UEFA Europa League 2026/27 League Phase MD2 match between FC Salzburg and AC Milan at Stadion Salzburg on October 15, 2026 in Salzburg, Austria. (Photo by Jasmin Walter/Getty Images)
A large part of the loss stems from the club’s failure to qualify for any European competition, which resulted in a revenue shortfall of approximately €70-80 million.
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This loss was only partially offset by an impressive €86 million profit from player sales and increased sponsorship revenues.
PERTH, AUSTRALIA – AUGUST 05: Rafael Leao makes a run towards goal during the pre-season match between AC Milan and FC Internazionale at Optus Stadium on August 05, 2026 in Perth, Australia. (Photo by James Worsfold/Getty Images)
“These results demonstrate the resilience of our business model in a challenging season,” said Milan chairman Paolo Scaroni.
“Gerry Cardinale’s leadership, alongside RedBird’s long-term investment and operational expertise, has significantly contributed to the Club’s progress, focused on maintaining sporting competitiveness as a key priority.
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The recent appointment of Massimo Calvelli as CEO aligns with this strategy. Additionally, the upcoming stadium project, which the design will be revealed today, is expected to be a transformative investment for AC Milan, its fans, the city of Milan, and Italian football.”
PARMA, ITALY – DECEMBER 01: Paolo Scaroni President of AC Milan looks on during the Serie A match between Parma Calcio and AC Milan at Stadio Ennio Tardini on December 1, 2019 in Parma, Italy. (Photo by Alessandro Sabattini/Getty Images)
Meanwhile, a press conference is taking place today to unveil the final design for the new stadium, which will be constructed next to the Stadio Giuseppe Meazza, eventually replacing the iconic venue.
The two clubs, Inter and Milan, collaborated to acquire the land in the San Siro region in November 2025. Recently, this project received clearance after previously facing appeals aimed at blocking the sale.
