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There is a lot of negative press surrounding AC Milan at the moment given the amount of perceived uncertainty hanging over the club after what has been a difficult season.

We have already written about them at length, from the fan protests against the potential hiring of Julen Lopetegui to the complex nature of Milan’s hierarchy and why too many gears might cause a jam.

The social media sphere surrounding Milan continues to be toxic. Arguments over who should be the next head coach and striker drive a further divide into a fanbase that are confused and hungry for success.

Throughout the season we would like to think that we have done a good job of documenting the highs and the lows, such is the duty in the search of objectivity. There have been challenging stretches that have pushed patience to the limits as part of that.

At a time when it is hard to be positive, it is sometimes important to step back, take stock and realise that there are still some things to be optimistic about, as we have highlighted below.

As a disclaimer, this piece might not be for you. Some prefer to focus on the problems that must be fixed and that is absolutely fine, but please try to understand that this is not an attempt to pull the wool over anyone’s eyes, just a chance to point out the foundations to build on.

1. European pedigree

Milan have qualified for the upcoming (new and richer) Champions League for the fourth consecutive time, following a seven-year absence from the top European competition (from 2014 to 2021).

It has been spoken about time and time again by all ownerships – not just the present one – that securing continuous UCL football is a fundamental foundation of future success because of the revenues it brings.

Some might have thought it was an absolute given after the 2021-22 season, but Napoli’s plight this season after their title win and Lazio’s drop off from second last year shows that it is actually not straightforward to keep being among the top four.

Additionally, the victory over Cagliari secured the team’s place in the Final Four of the Italian Super Cup, to be held in Saudi Arabia. That will bring in a nice chunk of extra money.

2. An exciting summer

After the sacking of Paolo Maldini and Ricky Massara caused a stir, Geoffrey Moncada and his team got to work bringing in 10 players during the last summer transfer window.

The investments made by Milan last summer have proven successful on the field at least in terms of numbers. Players acquired by the Rossoneri in summer 2023 have collectively contributed 47 goals and 23 assists this season, accounting for 73.7% of all goals scored.

Of course there are additional caveats such as what wasn’t addressed, but Milan are in a position now (financially, which we will come onto) to build further on the work that was done and to perhaps get towards having a complete squad.

It’s not like we have no idea where the team can go from here. There is an obvious need to sign a centre-forward, a defensive midfielder, a centre-back, a full-back and plug other holes too, so that at least adds some clarity to the mission this summer.

3. Youth development

Milan are continuing to work on its Under-23 team project to further strengthen the youth sector, which has been delivering promising results.

Six Primavera players debuted with the first team this season, and the Primavera reached the UEFA Youth League final for the first time and the Final Four for the second consecutive year.

The results of Ignazio Abate’s side are proof that there is a very talented group of players on the cusp of a breakthrough and having a team competing against senior sides in Serie C will really help that.

Just looking down the Primavera side, the likes of Noah Raveyre, Jan-Carlo Simic, Clinton Nsiala, Alex Jimenez, Kevin Zeroli, Victor Eletu, Diego Sia, Filippo Scotti, Mattia Liberali, Francesco Camarda and others form a core from which at least some should make the jump with ease.

4. Financial solidity at least

The latest financial statement showed a profit after 17 years (since 2006), with record revenues exceeding €400m. The current budget forecasts are equally positive, allowing for further investments in the sports sector.

We did a breakdown of the projections for the 2023-24 accounts on our Substack (as a free read) and it highlighted how the increasing revenues from various different streams means that an even larger profit should be recorded.

Obviously the intentions of the ownership must now be to take those greater margins for investment and put out a better product on the field, but without the improved financial situation the ability to improve the squad would be incredibly limited.

This economic resurgence puts Milan on much more stable footing compared to their competitors (look how Inter’s owners are scrambling just to refinance) and has happened under the eyes of a UEFA Settlement Agreement, something which can only help put the club in good graces.

This article first appeared on SempreMilan and was syndicated with permission.

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