# Financial performance of AC Milan and Juventus

> Live situation record from CLSTR: https://clstr.news/situations/financial-performance-of-ac-milan-and-juventus
> Updated: 2026-09-30T17:43:17.000Z. Sources: 35. Developments: 3.

Major Italian football clubs AC Milan and Juventus reported net losses for the 2025/26 fiscal year. AC Milan reported a loss of approximately €24 million on revenues of €464.6 million, citing the absence of European competition as a primary factor for a potential €70-80 million income deficit. This marks the first deficit under owner Gerry Cardinale, following three consecutive years of profit. Despite the loss, the club achieved record sponsorship revenue exceeding €100 million and saw increased stadium income from average attendances over 72,000 per match. The deficit is considered contained by a net equity of €176 million.

Juventus reported a larger loss of €66 million, marking its ninth consecutive year of losses and an increase from the €58.1 million loss in the previous period. The club’s revenue decreased by 10.4% to €474.7 million, impacted by lower player transfer proceeds, reduced media rights, and the absence of Club World Cup revenues. While operating costs decreased by €42 million, net debt rose to €331.1 million. The club’s outlook remains pressured by its absence from the Champions League.

To address these financial challenges, the Juventus board proposed a capital increase of up to €250 million to be presented to shareholders on November 3. Majority shareholder Exor has committed to supporting this move, including an immediate advance of €60 million, to strengthen the club’s capital structure and support strategic investments such as Allianz Stadium upgrades.

## Claims

- Juventus plans a capital increase of up to 250 million euros. (corroborated by 3 sources)
- Exor will immediately pay 60 million euros as an advance toward its share of the capital increase. (corroborated by 2 sources)
- The capital increase aims to strengthen capital structure, sporting competitiveness, and strategic real estate investments like Allianz Stadium. (corroborated by 2 sources)
- Majority shareholder Exor intends to take a 65.4 percent share of the capital increase. (single source)
- The club reported a loss of 66 million euros for the 2025/26 fiscal year. (single source)
- The board of directors is expected to seek shareholder approval for the mandate on November 3. (single source)
- Since 2007, Juventus has raised approximately 1.22 billion euros through six completed capital increases. (single source)
- Operating expenses decreased by 42 million euros in the last fiscal year, with personnel costs down by 11 million euros. (single source)

## Timeline

### 2026-09-30: AC Milan reports 24 million euro loss despite strong turnover

AC Milan reported a 24 million euro loss for the 2025-26 fiscal year, though turnover held at 465 million euros due to strong player trading and record sponsorship revenues.

2 sources. https://clstr.news/cluster/ac-milan-reports-24-million-euro-loss-despite-strong-turnover

### 2026-09-30: Juventus proposes €250 million capital increase following €66m loss

Juventus has proposed a €250 million capital increase following its ninth consecutive year of losses, with majority shareholder Exor committing to lead the recapitalization to stabilize finances.

15 sources. https://clstr.news/cluster/juventus-plans-capital-increase-of-up-to-250-million-euros

### 2026-09-28: AC Milan and Juventus report annual losses for 2025/26 fiscal year

AC Milan and Juventus both reported net losses for the 2025/26 fiscal year. Milan lost €24 million due to missing European competition, while Juventus reported a €66 million loss and proposed a €250 million cap

22 sources. https://clstr.news/cluster/juventus-targets-ac-milan-defender-fikayo-tomori

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Cite as: Financial performance of AC Milan and Juventus. CLSTR, https://clstr.news/situations/financial-performance-of-ac-milan-and-juventus