The 2014 Milan accounts

AC Milan finance

The adjustment to UEFA’s Financial Fair Play scheme, Milan spending big money on players again, and the seemingly never-ending takeover saga with Bee Taechaubol and his 48%, have all put the spotlight on Milan’s finances. Can they afford to spend €30m on one player? Where is Taechaubol’s money coming from? What exactly is his consortium buying into?

The accounts for the year ending 2014 were approved back in April, and give an idea of the challenge faced by any investor:

  • Milan made a net loss of €99m.
  • Turnover is down to just over €200m.
  • Expenses have increased to €294m.
  • The wage bill (on players) has increased to €116m.
  • Net debt is up to €340m.

The full balance sheet, in English, can be viewed here.

The following is a breakdown of the various sources of Milan’s income and expenses. Note that everything you read here is for the football club…

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