AC Milan’s president, Paolo Scaroni, has suggested that the club will have a financial cushion to invest in a striker for the upcoming season if the team performs well in European competitions.
During the AC Milan Shareholders’ Meeting, the official website reported positive financial results for the fiscal year ending on June 30, 2023. The club achieved a consolidated profit of €6.1 million, a notable increase of €72.6 million compared to the previous fiscal year in 2021/22. Importantly, this financial success was achieved without relying on capital gains from player transfers and was primarily driven by a 36% revenue increase, totaling €404.5 million, which marked a historic high for the club.
While these financial results are certainly promising, fans are eager to understand how they will impact the team’s performance on the field, including potential player signings and contract renewals.
During a media briefing, Scaroni responded to questions about the team’s player roster. When asked about the possibility of extending the contracts of players like Maignan and Theo, Scaroni emphasized that the club’s approach is rooted in economic sustainability. They aim to secure strong players on long-term contracts, as long as such operations are financially viable.
Regarding the potential for a significant signing in the attacking department for the following season, Scaroni expressed optimism. He acknowledged that the club’s economic performance is closely tied to its sporting achievements. If AC Milan performs well in the Champions League and secures a spot in the competition for the next year, as well as competes for the Scudetto, it would make the club’s financial position more sustainable. With the impressive revenues generated, there is a potential for a different approach to the transfer market in the upcoming year. Scaroni stressed that economic and sporting results are intertwined, and he hopes that this positive trend will continue and even improve.