La Gazzetta dello Sport analyzes the financial sustainability of Milan’s three new signings
With the arrival of Diego Moreira, AC Milan have completed their third signing of the summer transfer window. Overall, the amount spent by the Rossoneri management so far stands at around €150 million. This represents a significant level of investment, although if further opportunities arise before the transfer window closes, this may not be the final amount allocated to strengthening the squad.
The impact of the new arrivals on Milan’s accounts: €51 million in wages and amortization
An in-depth analysis published this morning by La Gazzetta dello Sport has examined the actual costs that will affect the club’s accounts. According to La Rosea, the trio of Gonçalo Ramos, Mario Gila and Diego Moreira will increase Milan’s expenses by approximately €51 million during the 2026/27 season.
This total is specifically divided between €30 million in amortization costs and €21 million in gross wages for the three players.
Gonçalo Ramos’ annual cost and the cover provided by departures
Looking at the individual deals, the newspaper highlights that the signing of Gonçalo Ramos alone will cost the Rossoneri approximately €24 million per year on their accounts over the next five seasons.
Nevertheless, when analyzing Milan’s projected budget for the 2026/27 campaign, most of these additional costs are already covered by the operations carried out on the outgoing side.
Departures and indirect income: the financial boost from Reijnders, Tonali and wage savings
Looking at the savings in greater detail, Gazzetta reports that the loan departures of Atekhame and Odogu will allow the club to reduce its wage bill by approximately €3.7 million, while the departures of Füllkrug and Bennacer will generate a further saving of around €4 million.
The most significant income, however, comes from sell-on clauses and bonuses. Tijjani Reijnders’ move from Manchester City to Saudi Arabia will provide Milan with approximately €14 million in bonuses, while a further €9 million will be collected from Newcastle thanks to Sandro Tonali’s move to Tottenham.
With total income and savings approaching €30 million, La Rosea estimates the net negative impact of the current transfer window at approximately €21 million.
The Leão sale: the major capital gain that would put Milan’s accounts in the black
To completely offset the cost of their investments, La Gazzetta dello Sport highlights the need for further departures, identifying Rafael Leão as the first option.
The sale of the Portuguese winger would generate a positive impact of approximately €41 million for the club’s finances. This would consist of an estimated €28.8 million net capital gain, combined with €12.2 million in savings from the remaining amortization and gross salary.
Leão’s sale alone would therefore be enough to immediately move Milan’s transfer-market accounts back into positive territory.
Tomori and Fofana sales: the strength of Milan’s net equity
There are, however, alternatives to the Portuguese forward’s departure. Potential sales of Fikayo Tomori for a figure close to €10 million and Youssouf Fofana for €15 million would also allow Milan to bring their accounts back into positive territory.
La Rosea also explains what would happen if no major departure materializes during the final days of the transfer window. Milan have a solid net equity position, amounting to approximately €200 million as of June 30, 2025, which was only marginally affected by the club’s operations during the 2025/26 season.
Milan’s finances remain stable
From an economic and financial perspective, the possibility of making further capital investments is therefore manageable under Milan’s current financial position and would not create the slightest operational difficulty.
Despite the reassurance provided by the numbers, RedBird’s main objective remains firmly focused on returning to and consistently qualifying for the Champions League.
Only regular participation in Europe’s premier competition will allow Milan to maintain financial stability over the long term, while minimizing the need to rely on player trading strategies.
