Financial breakdown of Milan's 2023 summer mercato [Bonus article]

The 2023 summer mercato has come to an end and AC Milan managed to complete a total of ten signings. Furthermore, they offloaded a total of 13 players and we thought it would be best to update our financial breakdown from earlier this summer.

We gave quite a lot of backstory in the previous article (the very first one we did back in May) regarding the sponsorships that Milan have secured and the revenue collected from the Champions League. But to quickly recap, the key sponsorships are those of Emirates and Puma as they have doubled in value, resulting in an additional €30m in revenue.

The Champions League run brought a total of €125m into the club’s coffers and this resulted in a profit for the financial year of 2022-23. And that is indeed huge for the Rossoneri, especially given that the new deals with Fly Emirates and Puma have come into effect in the 2023-24 financial year.

In any case, let’s take a look at the signings made this summer and how they each affect the balance sheet, as well as the departures. Afterwards, we will try to explain what the numbers mean as best as possible.