AC Milan Shareholders Approve €24m Net Loss as RedBird Eyes New Stadium Era

FolioPitch.com – 30 October 2026 | The Official Shareholders Meeting approves AC Milan financial statements including 24m net loss, marking a pivotal moment for the Rossoneri as they balance resilience with ambition. The meeting, held just before the unveiling of the club’s new stadium project, confirmed the fiscal year ended June 30, 2026, closed with revenue of €464.6 million and a net loss of approximately €24 million. The approval underscores the club’s ability to absorb the financial blow of missing European competitions while maintaining a solid and diversified business model.

Despite the loss, Milan’s commercial performance remained robust. Sponsorship revenue exceeded €100 million, and average attendance surpassed 72,000 fans per match—the highest in Serie A for the second consecutive season. These figures highlight the club’s enduring appeal and operational excellence, supported by cost control measures that mitigated the absence from European football.

The Official Shareholders Meeting approves AC Milan financial statements including 24m net loss amid a backdrop of strategic investment. RedBird, the club’s owner, reaffirmed its long-term commitment through an owner-operator approach, combining capital, operational expertise, and execution capabilities to drive growth. Chairman Paolo Scaroni praised the resilience of the business model, crediting Gerry Cardinale’s leadership and RedBird’s investment for shaping the club’s future. “Sporting competitiveness remains the key priority,” Scaroni stated, also highlighting the appointment of Massimo Calvelli as CEO as a reflection of this direction.

The new stadium project is central to Milan’s growth strategy. Following the acquisition of the San Siro area in November 2025, the club unveiled its design, a transformative investment for the team, fans, the city of Milan, and Italian football. This project aims to unlock additional revenue streams and enhance the matchday experience, further solidifying Milan’s position among Europe’s elite.

For the second consecutive year, Milan published its Sustainability Report alongside the financial statements. Through Fondazione Milan, the club leverages football as a catalyst for positive social change, promoting education, inclusion, and wellbeing. This commitment to social responsibility complements the club’s financial and sporting objectives.

The Official Shareholders Meeting approves AC Milan financial statements including 24m net loss, a result that, while not ideal, demonstrates the club’s capacity to navigate challenges. The strong revenue base and commercial growth provide a foundation for future success, especially with the new stadium on the horizon. As Milan enters a new phase of investment, the focus remains on achieving sporting competitiveness and financial sustainability.

In conclusion, the approval of the financial statements signals a clear direction for AC Milan. The club is not shying away from its losses but is instead using them as a springboard for transformation. With RedBird’s backing, a new stadium, and a steadfast commitment to excellence, Milan is positioning itself for a brighter future. The Official Shareholders Meeting approves AC Milan financial statements including 24m net loss, but the narrative is one of resilience and ambition, not setback.