66 million euro loss has put Milan's Super League ambitions on hold

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66 million euro loss has put Milan's Super League ambitions on hold

The Italian football giant Milan earned 297.7 million euros last season, which is a 14 percent increase compared to the previous year, the Rossoneri announced at the Shareholders' Meeting. The club increased its income from ticket sales, and at the expense of commercial income.

The increase in interest in watching the game is attributed to the end of the corona virus pandemic and the fact that last season Milan fought for the title of Italian champion and finally won it after 11 years.

AC Milan improving off the field as well as on it

In a statement released on Wednesday, Milan announced that it had reduced its losses by about a third to 66.5 million euros.

“The 19th ‘scudetto’ triumph and the growing value of the AC Milan brand provide further confirmation of the growth path that the club has undertaken both on and off the pitch,” Milan president Paolo Scaroni said.

“The results presented today highlight a steady turnaround, which has taken place despite the crisis within the sector and the state of the economy in general … I am convinced that, thanks to RedBird’s experience and expertise in sports and finance, we will be able to further strengthen the AC Milan of the future — a sustainable and winning club”.

In the press release, the club also confirmed that it is not interested in a possible Superliga for the time being. At San Siro, they believe that European football is in trouble, but that it can be saved even without the Super League.

Milan was one of 12 clubs originally involved in the Super League project, but it quickly collapsed after fan outcry, particularly from six English teams. However, Real Madrid, Barcelona and Juventus want to revive him as they struggle with financial problems.

After a convincing victory against Dinamo on Tuesday at the Maksimir Stadium, Milan have a great chance to win a place in the round of 16 of the Champions League for the first time since the 2013/14 season, which would further improve the club's record.

Stefano Pioli's side only need a home draw with RB Salzburg in the last match of Group E in order to progress with group winners Chelsea. In Serie A, Pioli's team is second with 26 points, three less than the leading Napoli.