Tuesday briefing: AC Milan post €6.1 million profit for 2022/23 – first surplus for 17 years

AC Milan have reported a profit of €6.1 million for the year ending 30th June 2023 – the first surplus achieved by the club since 2006 and a significant improvement on the €66 million loss suffered in 2021/22.

In a statement summarising the results, Milan said the small profit was earned due to a 36 per cent increase in total revenues to €404.5 million, a club record figure and up from €297.6 million the previous year.

Broadcast income reached €174.9 million, compared with