Associazione Calcio Milan - A.C. Milan As A Company

A.C. Milan As A Company

Milan is a subsidiary of Fininvest Group since 1986. The office of club president has been vacant since 8 May 2008, following a new Italian law that forbids the country's prime minister, Silvio Berlusconi, to have other managing roles in private companies or clubs. The vice president and CEO of the company is Adriano Galliani.

According to The Football Money League published by consultants Deloitte, in the 2005–06 season, Milan was the fifth highest earning football club in the world with an estimated revenue of €233.7 million. However it fell to 8th in 2011–12 season. The club is also ranked as the sixth wealthiest football club in the world by Forbes magazine as of 2011, making it the wealthiest in Italian football.

Fly Emirates is the current main sponsor for Milan's shirt starting for the 2010–11 season and lasting 5 years, after 4 years with Austrian online betting company bwin.com as the sponsor.

Previously, the German car manufacturer Opel (owned by GM) had sponsored Milan for 12 seasons. For most of them, Opel was displayed on the front of the shirt, but in the 2003–04 and the 2005–06 seasons respectively, Meriva and Zafira (two cars from their range) were displayed.

The current shirts are supplied by German sportswear manufacturer Adidas, whose deal runs to the end of the 2017–18 season. The deal makes Adidas the official manufacturer of all kits, training equipment and replica outfits. Prior to Adidas, the Italian sports company Lotto produced Milan's sportswear.

On 14 January 2008, Milan and Adidas renewed the sponsorship contract until 30 June 2018. According to the new contract, Adidas will be responsible for 3 separate areas of sponsorship; the sponsorship on the shirt, the merchandising and the distribution of all non-football related Milan products.

AC Milan Group made an aggregate net loss in recent year, was one of the largest among the Italian clubs, which: 2005, net loss of €4.5 million (separate account); 2006, a net income of €11.904 million (contributed by the sales of Shevchenko); 2007, a net loss of €32 million; 2008, a net loss of €77 million; 2009, a net loss of €19 million (contributed by the sales of Kaká); 2010 a net loss of €65 million; 2011 a net loss of €67.334 million and most recently a net loss of €6.857 million (contributed by the sales of Thiago Silva and Ibrahimović).

AC Milan had re-capitalization of €75 million in 2007 financial year; €93 million in 2008; €18 million in 2009 and €44 million in 2010 (€20.9 million of the capital increase was converted from shareholder loan); €87 million in 2011; €29 million in 2012. However, the group has had negative equity at the end of each fiscal year since 2006. The balance was €40.8 million in 2006, €47.5 million in 2007, €64.5 million in 2008, €72 million in 2009, €96.6 million in 2010, €77.091 million in 2011 and €54.948 million in 2012.