Milan post record third consecutive profit with revenues near €500m

Originally posted on Football Italia | By Sam Wilson | Last updated Oct 13, 2025 2:17 PM ET

Milan have recorded the best financial results in their history, posting a profit for the third consecutive year and reaching record revenues of €495 million for the 2024-25 season, according to Calcio e Finanza.

The club’s Board of Directors met on October 13 to approve the latest accounts, which close as of June 30, 2025. The Rossoneri reported a €3m net profit, marking the first time in their 125-year history that the balance sheet has shown a surplus for three straight years.

Record revenues and transfer gains for Milan

Turnover increased by 10% compared to 2023-24, driven by the club’s participation in last season’s new UEFA Champions League format, which offered higher distribution revenues and more home matches.

Additional income came from the sales of Tijjani Reijnders to Manchester City and Pierre Kalulu to Juventus, both generating significant capital gains.

RedBird reinvestment and long-term strategy

Milan closed the year with net assets of €199m, providing financial security during a season without European competition. Ownership group RedBird Capital have reinvested every euro generated by the club, spending over €250m gross across the last two financial years on the first team, youth sector and the Milan Futuro project.

The club’s next strategic focus is the new stadium project with Inter in San Siro, considered the cornerstone of Milan’s long-term growth plan.

This article first appeared on Football Italia and was syndicated with permission.

More must-reads: