MILAN (Reuters) - AC Milan returned to profit for the first time in 17 years in the 2022-23 season, helped by reaching the semi-finals of the Champions League, the Italian Serie A club said on Monday.
Now owned by U.S. investment group RedBird Capital, Milan reported record annual revenues of 404.5 million euros ($429 million), an increase of 36% driven by higher commercial and sponsorship sales, increased income from TV rights and higher matchday takings.
