• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

AC Milan back in profit for first time since 2006 

2 years ago
in Features, highlights, Home, home-news, latest News, Lifestyle, Sports
1 min read
0 0
0
132
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

AC Milan back in profit for first time since 2006 

AC Milan posted an annual profit for the first time since 2006 on Monday after the Serie A giants announced that their 2022-23 season accounts were 6.1 million euros ($6.5 million) in the black.

The seven-time European champions bucked a trend of heavy losses among Italy’s top clubs by recovering from a 66.5 million-euro loss recorded in the previous 12-month period to go into profit.

Milan said that the small profit was made thanks to a 36 percent increase in revenues to 404.5 million euros, a club record figure.

The club added that the surge in revenues was achieved through a 44.4 million-euro increase in takings from commercial and sponsorship activities, media rights money growing by 41.8 million euros due to a run to the Champions League semi-finals and a 40.3 million-euro increase in matchday revenues.

Milan’s accounts come in stark contrast to those recently posted by their biggest rivals Inter Milan and Juventus, who continue to lose money.

Juventus haven’t posted a net profit since 2016-17 and lost 124 million euros last season, Italy’s most widely-supported club asking shareholders for 900 million euros of capital increases over the last four years to plug leaky accounts.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Inter lost 85 million euros last term despite reaching the Champions League final and Chinese owners Suning need to repay a near 300 million-euro loan from investment fund Oaktree Capital taken out in May 2021.

The loan, plus reported interest of 10 percent, has to be paid back in full by May or Inter could end up being scooped up by Oaktree in a similar way to how fund Elliott took control of Milan from Chinese businessman Li Yonghong in 2018.

Milan’s 2022-23 accounts are the first posted under the control of RedBird, who acquired Milan from rival US group Elliott in August last year.

 

Tags: AC MilanAC Milan back in profit for first time since 2006
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.