Club operations

The board has nine members, including Gerry Cardinale, Paolo Scaroni, Massimo Calvelli and Yankees president Randy Levine. The board makes the big decisions, such as the budget, major purchases and hiring top executives.

Day-to-day running is led by chief executive Massimo Calvelli. Under him are, among others, chief financial officer Stefano Cocirio, chief revenue officer Maikel Oettle and chief brand officer Francesca Montini.

On the sporting side, Milan have no traditional sporting director since Igli Tare and Geoffrey Moncada had to leave in May 2026. Transfers are handled by Hendrik Almstadt, analysis by a dedicated football analytics department led by Bobby Gardiner, and Gerry Cardinale has the final say. Zlatan Ibrahimović is a senior adviser to RedBird. The head coach is Rúben Amorim.

Below the first team, the club has Milan Futuro, a development side for young players that plays in Serie D in 2026/27, coached by Jovan Kirovski. The Primavera (U20) and the academy are run by Vincenzo Vergine. Milan also have a women's team in Serie A Femminile.

The club owns its headquarters, Casa Milan, which was bought for €42m in 2020, and the Milanello training ground. San Siro is run together with Inter. Since November 2025, the clubs have owned the stadium through Stadio San Siro S.p.A. Milan have had the highest average attendance in Serie A two seasons in a row, over 72,000 per match in 2025/26.

We have not found the number of club employees in a reliable source.

The buyer is Stadio San Siro S.p.A., which Milan and Inter own half each. The city council is contributing around €22m, including for clean-up work and moving a tunnel. Prosecutors opened an investigation into the sale on the same day the contract was signed. In October 2026, the administrative court (TAR) rejected the appeals against the sale.

The purchase is financed with loans. Goldman Sachs and J.P. Morgan lead the group of banks, together with the Italian banks Banco BPM and BPER Banca. Most of the new stadium will also be financed with loans, but it is unclear how much the clubs and owners will have to put in themselves.

The new stadium has been designed by Foster + Partners and MANICA. Construction is planned to start in the second half of 2027 and finish in 2031, well ahead of Euro 2032. The clubs will play at the current San Siro until then. After that, the old stadium will be demolished, apart from one section that will be kept. Gerry Cardinale has talked about 80,000 seats, but the plans show around 71,500.

Why does this matter for the finances? A modern stadium brings in much more from tickets, hospitality boxes, food and sponsors. Real Madrid increased their stadium revenue from €145m in 2019 to €248m after the redevelopment. Milan made €69.5m in matchday revenue in 2024/25.