AC Milan Faces €25m Loss After Champions League Absence and Severance Costs

FolioPitch.com – 07 July 2026 | AC Milan face 25m loss after Champions League disappointment and compensation payouts, according to financial estimates from Calcio e Finanza. The €25 million deficit marks a sharp reversal from the €2.9 million profit recorded in the previous financial year, ending three consecutive years of profitability for the Rossoneri.

The primary driver of the downturn is the club’s failure to qualify for the Champions League for a second straight season. Revenues dropped from nearly €500 million to around €433 million, with broadcast income falling 42% and matchday revenue declining 17.6%. These losses were partially offset by a 5.9% increase in commercial income, boosted by a renewed sponsorship deal with Emirates.

Player trading provided a significant cushion, generating approximately €100 million—roughly a quarter of total revenues—up from €83.2 million the previous year. The sales of Theo Hernández and Malick Thiaw were booked in the current figures, while Tijjani Reijnders’ earlier departure had counted in the prior accounts. This level of trading is likely to be necessary again as Milan remain outside the Champions League.

Adding to the financial strain, Milan face 25m loss after Champions League disappointment and compensation payouts, including roughly €13 million set aside for the forced departures of former CEO Giorgio Furlani and former sporting director Igli Tare. No such provision was required for Massimiliano Allegri, who terminated his contract by mutual agreement before joining Napoli.

Despite the loss, the club’s financial position remains sustainable. With positive net equity of €199 million, the deficit will be fully absorbed. Brighter prospects lie ahead: the purchase of the San Siro stadium and surrounding land removes an annual rent liability of around €5 million, and ownership of the ground is expected to boost matchday revenues in future accounts.

In summary, AC Milan face 25m loss after Champions League disappointment and compensation payouts, but the club’s solid equity and strategic moves such as stadium acquisition provide a foundation for recovery. The 2025/26 figures, once formally approved by shareholders, will mark a temporary setback rather than a long-term crisis. The Rossoneri must now focus on returning to Europe’s elite competition to restore revenue streams and stabilize finances.