Overview: http://acmilanfinance.com/financial-statements/2013-2/

Detailed explanations: http://acmilanfinance.com/2014/07/14/the-2...milan-accounts/


So, overall seems like we're operating within the right limits. No losses, this calendar. We actually made an operating profit, even if meager.

It'd be interesting to know if the Casa Milan project factors into these calculations?
The "other expenses, including materials and services" shows expenses of approx 56m. Would be cool to know what factors into that. Anyway, discuss.

Just did a quick draft compiled by myself of our income/expenses for the past four years. Sourced from our financials via acmilanfinance.com


I would also like to bring to your attention that no Europe means our revenue will be much lower for 2014.

Can you post a larger image R7?

Are these in millions or billions? Sorry for asking.

Dont know how

But I did it on an excel sheet, so I can email it to you .. Or whoever wants a copy



If they were in billions we'd have the first team of Madrid and Bayern's for the bench

Its in millions

I think you can post it as an attachment on the forum R7. When you hit new reply there's an Attachments section that allows you to do that.

Don't think anyone's ever used it. Think about it! You could be the pioneer of Milanfan!!

How about that? amended

Can't see a thing, R7. Maybe it is an embedding issue, because I can download the file just fine. I've uploaded it here, just in case if others cannot see the image. Behold:

You should notice Operating margins are scary thin, barely turning a profit. That supported by sale/release of high earning players. In the two years prior (2011 & 2010), you have operating losses.

However, Net losses for the four years under study. It is refreshing to know that these losses are lower for the past two years - in 2012/11 loss of 6.8M, aided by sales of Silva and Zlatan - and - in 2013/12 loss of 15.7M, except that was due mostly by finance expense (or in simple terms interest payment for the loan/debt).

This containment of the losses on the operating profit/loss level is what is causing the squeeze in our ability to bring in players. Not being in Europe, even if it was EL, has an impact over the same as well.

In April 2014, our results will be announced. And I trust those will be unfavorable from the revenue side. As Casa Milan will not be monetized by then. Maybe 2015, will we see something pick-up.

But this is just my opinion ofcourse, to each his own