AC Milan is projected to post a loss of around €25m for the 2025/26 financial year, according to estimates from Calcio e Finanza. The team, currently 5th in Serie A with 70 points, has suffered a revenue drop due to the lack of Champions League football.

What is the cause of the loss?

The lack of Champions League qualification is the primary cause of the loss, with a revenue drop from €500m to €433m. The steepest decline was in broadcast income, with a 42% decrease.

How did player sales impact the loss?

The sale of players like Theo Hernández and Malick Thiaw generated around €100m, which helped reduce the loss. The team also registered a 5.9% increase in commercial revenue, thanks to a new agreement with main sponsor Emirates. AC Milan ended the 2025/26 season with 53 goals scored and 35 conceded, and is 17 points behind leaders Inter. The team recently lost to Cagliari with a score of 1-2 on May 24, 2026, and is currently in a run of form with 1 win, 1 draw, and 3 losses in their last 5 games