MN: €450m revenues, three wins – Scaroni reignites accounts vs. results debate | OneFootball

Paolo Scaroni’s words last night from the Festival dello Sport have once again sparked the debate regarding the battle between sporting results and the accounts for AC Milan.

Scaroni’s comments have previously divided opinion as he has been a figure within the club that has often reined in expectations, by stating that the top four is the target and focusing more on financial parameters. However, last night he admitted that good accounts have to go hand in hand with wins.

“I have been president of Milan for more than six years and when I joined we were receiving less than 180 million euros (revenues), now we are getting more than 450 million. The economic point of view is important, but it is only one part of the success. If we don’t win games we don’t go anywhere. These are two issues that depend on each other,” he said.

“The issue of economic sustainability is very important. Until some time ago there were presidents like Berlusconi and Moratti who put millions into the club at the end of the season to put things right. Now the situation is different and sustainability is fundamental.”

As MilanNews writes, in the 2023-24 season, the Board of Directors of the club approved the consolidated financial statements for the financial year ending 30 June 2023, which recorded a positive net result of €4.1m (profit). This is the second consecutive financial statement that Milan closed with a profit.

If the economic side is smiling, the one on the pitch is not because Milan are struggling a lot to get consistent results this season so far. In nine games played across the league and the Champions League, there have been four defeats, two draws and only three victories.

This is too little for a team that started with the ambition of winning silverware. On Saturday there is Udinese at San Siro, then on Tuesday Club Brugge come to town. A turning point is expected, because the ‘accounts Scudetto’ is wearing thin.