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  4. AC Milan halves full-year losses as TV revenue rises
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AC Milan halves full-year losses as TV revenue rises

MILAN (Reuters) - AC Milan halved its losses in the fiscal year ending June 30 as the Serie A Italian football club's improved pitch performance boosted TV revenues and limited...
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AC Milan halves full-year losses as TV revenue rises © Reuters. FILE PHOTO: The AC Milan logo is pictured on a pennant in a soccer store in downtown Milan, Italy April 29, 2015. REUTERS/Stefano Rellandini/File Photo

MILAN (Reuters) - AC Milan halved its losses in the fiscal year ending June 30 as the Serie A Italian football club's improved pitch performance boosted TV revenues and limited pandemic damage, it said on Tuesday.

Controlled by U.S. investment fund Elliott, the seven-time European champions reported a full-year loss of 96.4 million euros, down from a record 194.6 million the previous year.

"Positive sports performance in the domestic league and participation in UEFA Europa League lifted audiovisual rights income by some 75 million euros," the club said in a statement after its annual shareholder meeting.

AC Milan TV rights revenue totalled 63.4 million euro the year before.

The club estimated that COVID-19 reduced 2020-2021 earnings by 55 million euros, including the loss of ticket sales due to closed-door matches to stem contagion.

After playing in the UEFA Europa League during the last season, AC Milan qualified for Champions League for the first time since 2013-2014 as it finished second in Italy's top flight soccer league. The Rossoneri, as the team is nicknamed, are now on the top of Serie A standings after nine matches.

AC Milan withdrew from a project to create a breakaway Super League in April with 11 other major clubs in Europe. The scheme collapsed under massive pressure from fans, politicians and soccer officials.

AC Milan and city rival Inter Milan have resumed talks with local authorities over long-standing plans for a new stadium to replace the nearly century-old San Siro. The proposal, partly delayed by the pandemic, is seen as crucial to compete with top European rivals which own stadiums.

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31-03-2024 10:19:50 (UTC+7)

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    EUR/USD 1.0793 Sell  
    GBP/USD 1.2624 Sell  
    USD/JPY 151.38 ↑ Buy  
    AUD/USD 0.6522 Sell  
    USD/CAD 1.3543 Buy  
    EUR/JPY 163.37 ↑ Sell  
    EUR/CHF 0.9738 ↑ Buy  
    Gold 2,254.80 Buy  
    Silver 25.100 ↑ Buy  
    Copper 4.0115 ↑ Buy  
    Crude Oil WTI 83.11 ↑ Buy  
    Brent Oil 86.99 Neutral  
    Natural Gas 1.752 ↑ Sell  
    US Coffee C 188.53 ↑ Sell  
    Euro Stoxx 50 5,082.85 ↑ Sell  
    S&P 500 5,254.35 ↑ Sell  
    DAX 18,504.51 ↑ Buy  
    FTSE 100 7,952.62 ↑ Sell  
    Hang Seng 16,541.42 Neutral  
    Small Cap 2000 2,120.15 Neutral  
    IBEX 35 11,074.60 ↑ Sell  
    BASF 52.930 ↑ Buy  
    Bayer 28.43 Buy  
    Allianz 277.80 ↑ Buy  
    Adidas 207.00 ↑ Buy  
    Lufthansa 7.281 ↑ Sell  
    Siemens AG 176.96 ↑ Buy  
    Deutsche Bank AG 14.582 ↑ Buy  
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# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
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Cập nhật 31-03-2024 10:19:52
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ↀ Giá vàng thế giới
$2,232.75 -1.61 -0.07%
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Sản phẩm Vùng 1 Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
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Dầu hỏa 2-K21.26021.680
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Brent $86.82 +5.18 0.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
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EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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