AC Milan financial statement 2016 – According to the documents that Calcio e Finanza had the opportunity to analyze, AC Milan closed its fiscal year 2016, the latter under the ownership of Silvio Berlusconi’s Fininvest, with a consolidated net loss of €74.9 million. These documents will be submitted to the shareholders’ meeting on May 18 for approval.
AC Milan, currently controlled by Yonghong Li’s Rossoneri Sport Investments Lux and led by Marco Fassone, closed its last year financial statement with revenues of €236.1 million, an increase from the €213.4 million recorded in 2015. This value also includes gains from the sale of football players for €12.2 million (1.3 mln in 2015.)
Including capital gains in the overall calculation, the revenues recorded in the AC Milan financial statements 2016 totaled to €222.9 million (212.1 mln in 2015).
Revenues from TV rights increased by €3.9 million. The related breakdown is the following:
- € 2.7 million relating to the TV rights of the Serie A;
- € 1.2 million relating to the Supercoppa Italiana final won against Juventus in Doha at the end of December 2016.
Revenues from sponsorships declined by €4.9million to €59.79 mln due to the expiration (June 30, 2016) of some sponsorship contracts no longer renewed in the 2016-2017 season. The decline in sponsor revenues was partially offset by the renegotiation of contracts with Emirates (€15.08 mln / €12.87 mln in 2015) and Adidas (€19.67 mln / €19.65 mln in 2015).
Production costs recorded were €294.3 million, down €2.1 million compared to 2015 (€296.4 mln). The decrease is predominantly attributable to wages and salaries.
In the balance sheet of the parent company AC Milan SpA, closed in the red for €71.9 million, it is specified that Fininvest, the previous controlling shareholder, in the period of January-March 2017, made capital payments for a total of €53.4 million. On April 14, the AC Milan board of directors approved the industrial plan 2017-2020 and Rossoneri Sport confirmed its commitment to fulfill the recapitalization in line with the requirements of the plan and also to undertake further capital efforts.
