Sports

Italy’s AC Milan Football Club Swung Back to Profit After 17 Years

Players of AC Milan warm up ahead of a match between AC Milan and Juventus on October 22. — Players of AC Milan warm up ahead of a match between AC Milan and Juventus on October 22.
Photographer: Claudio Villa/AC Milan/Getty Images

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By Alberto Brambilla

October 23, 2023 at 4:06 PM UTC

Updated on

October 23, 2023 at 4:38 PM UTC

Italy’s top tier football club AC Milan swung back to profit for the first time since 2006 as revenues grew by more than €100 million ($106 million) last year to a record high.

The club, owned by US-based investment fund RedBird Capital Partners, reported a profit of €6.1 million and revenues exceeding €400 million in the financial year ended in June, the company said in a statement on Monday.