TURIN, ITALY – OCTOBER 05: Christian Pulisic of AC Milan looks on during the Serie A match between Juventus FC and AC Milan at Allianz Stadium on October 05, 2025 in Turin, Italy. (Photo by Giuseppe Cottini/AC Milan via Getty Images)
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The board of directors at AC Milan, the Serie A club owned by New York-based private investment firm RedBird Capital Partners, has just approved the financial statement for the 2024/25 fiscal year.
The Rossoneri posted a record-high revenue of €495 million ($573m, at today’s exchange rate), marking their third consecutive year of profitability, according to figures obtained ahead of the shareholders’ meeting.
MILAN, ITALY – Gerry Cardinale, CEO of RedBird Capital Partners, looks on during an AC Milan home game in Serie A
AC MILAN
RedBird Capital Partners, which acquired AC Milan in the summer of 2022 for $1.4 billion from U.S. hedge fund Elliott Management, is set to celebrate a third consecutive year of profitability under its ownership.
Back in 2022/23, the Rossoneri put an end to a 17-year streak of financial losses by posting a $6.5 million profit in the season that followed the memorable Scudetto victory. The club maintained its positive trajectory the following year, when they reported a $4.4 million profit.
With the imminent announcement of the 2024/25 fiscal year also closing in the black ($3.5 million), AC Milan has thus achieved three straight years of profitability, which represents a first in the club’s history.
MILAN, ITALY – SEPTEMBER 14: Luka Modric of AC Milan celebrates scoring his team’s first goal during the Serie A match between AC Milan and Bologna FC 1909 at Giuseppe Meazza Stadium on September 14, 2025 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)
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The consolidated financial statement also reveals that the club generated a record-high revenue of €495 million ($573m), marking a 10% growth with respect to the previous year.
This figure points to the club’s consistent growth over the last few years, with the Rossoneri gradually climbing the ranks of European soccer’s financial elite: In Deloitte Football Money League 2025, a detailed financial report on the world’s highest revenue generating soccer teams, AC Milan ranked 13th overall and first among the Italian clubs on this list ahead of domestic rivals Inter and Juventus.
According to its most recent financial statements, the club has allocated significant resources toward player acquisitions with the goal of increasing competitiveness and progressively reclaiming its status as a key player in both Italian and European soccer. Data from Transfermarkt reveals that AC Milan spent an estimated $187 million in the latest transfer window, more than any other Serie A club.
LONDON, ENGLAND – JUNE 01: A detailed view of the UEFA Champions League Trophy following the victory of Real Madrid during the UEFA Champions League 2023/24 Final match between Borussia Dortmund and Real Madrid CF at Wembley Stadium on June 01, 2024 in London, England. (Photo by Justin Setterfield/Getty Images)
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It remains to be seen whether the club can maintain its positive financial performance this year, as they will miss out on revenue generated from participation in UEFA competitions for the first time since 2019/20.
After finishing the last Serie A season in eighth position, AC Milan failed to qualify for the highly-lucrative European tournaments, which account for a significant chunk of a club’s total annual revenue.
The Rossoneri will thus channel all of their energies in the domestic tournaments, aiming to seize their 20th Scudetto and make a strong run in the Coppa Italia.
Meanwhile, the club has recently announced the approval of its new stadium project, which represents a milestone toward securing a long-term revenue stream.
As iconic as it is, San Siro Stadium currently remains the property of the municipality of Milan, a factor that prevents the club from fully capitalizing on matchday and venue-related income. By 2031, the Rossoneri are expected to relocate to a new, privately-owned stadium, which will finally allow them to retain full control over commercial operations and stadium-generated proceeds.
Source: https://www.forbes.com/sites/danieleproch/2025/10/13/ac-milan-reports-record-revenue-third-consecutive-year-of-profit/
