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Milan announced €96.4m loss in 2020-21

Mon 27 September 2021 | 17:23

Milan were able to improve their financial situation with the results they achieved during the last season.

Milan

are in better shape than the 2019-2020 season, despite announcing a cumulative loss of € 96.4 million in the 2020-21 season.

The Rossoneri finished second in Serie A last season and went on to win the Champions League qualification after several seasons, and will face Atletico Madrid tomorrow night. The club has made a special investment in young players in recent seasons, which has paid off well in this regard, and a return to the Champions League is one of the signs of that. The club's fiscal year ended on 30 June 2021 and they have accumulated a loss of € 96.4 million in the past year, which is € 98.2 million less than the same period last year.

In the 2019-2020 season, the club announced a cumulative loss of € 194.6 million, which is improving with the results they achieved during the last season. They invested 70 million euros and, according to the financial report, no longer owe money to the banking system.

The Rossoneri have also performed well this season and are currently second in the table. They hope that by maintaining this trend, they will be able to change their economic situation.

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source: SportMob

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