The blue and black side of Milan made a loss of €85 million (£74m/$95m), down from €140m (£122m/$155m) in 2022 and a record-breaking €246m (£213m/$272m) in 2021. This was achieved despite an 11.8 percent cost-cutting measure, while revenues fell by -3.2%. The drop in revenue was caused by the fact that they did not have a primary sponsor on their jersey throughout the previous season. However, in the Champions League final, they had Paramount on the front of the jersey, which brought in €4m (£3.5m/$4.5m).