Home Italy Serie AMilan sackings could cost up to €22m

Milan sackings could cost up to €22m

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Skip to contentepa10157496 AC Milan owner Gerry Cardinale (R) before the Italian Serie A soccer match between AC Milan and FC Inter Milan at Giuseppe Meazza stadium in Milan, Italy, 03 September 2022. EPA-EFE/ROBERTO BREGANIepa10157496 AC Milan owner Gerry Cardinale (R) before the Italian Serie A soccer match between AC Milan and FC Inter Milan at Giuseppe Meazza stadium in Milan, Italy, 03 September 2022. EPA-EFE/ROBERTO BREGANI

Milan have sacked coach Massimiliano Allegri and directors Giorgio Furlani, Igli Tare and Geoffrey Moncada, a move that could cost the Rossoneri up to €22m, according to Gazzetta.

Milan will literally start from scratch in the summer as the Serie A giants have sacked their coach and their most prominent directors following a fifth-place finish in 2025-26, which has left the team out of next season’s Champions League.

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Potential financial consequences for Milan after major sackings

REGGIO NELL’EMILIA, ITALY – APRIL 14: Giorgio Furlani CEO of AC Milan looks on prior to the Serie A TIM match between US Sassuolo and AC Milan at Mapei Stadium – Citta’ del Tricolore on April 14, 2024 in Reggio nell’Emilia, Italy. (Photo by Alessandro Sabattini/Getty Images)

La Gazzetta dello Sport explains in detail how this move will affect the club financially, reporting that it might cost up to €22m.

‘From an accounting perspective, it will be recorded as non-recurring charges in the financial statement for the year ending June 30, 2026,’ explained the Pink Paper.

The largest payouts concern the CEO, Furlani, and coach Allegri.

MILAN, ITALY – SEPTEMBER 03: Gerry Cardinale of AC Milan looks on before the Serie A match between AC Milan and FC Internazionale at Stadio Giuseppe Meazza on September 03, 2022 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)

Furlani’s contract was due to expire in 2028. His €3m-a-year salary plus bonuses means the total tally is around €10m gross.

Allegri remains under contract until June 2027 with a salary of €5m, circa €9m gross.

The remaining amount in Tare’s contract is valued at €3m gross as the ex-sporting director was under contract until 2028 with €800,000 wages.

According to the report, Moncada had recently agreed to sign a new contract with Milan, but had not yet signed it, so he has just one month left in his deal with the Rossoneri.

Obviously, the sackings’ costs that Milan will set aside in the current financial year could be reduced in the future if Tare, Allegri and Furlani reach agreements with other clubs or companies.

Allegri, for example, is said to be among the leading candidates for Napoli to replace Antonio Conte.

ByLorenzo Bettoni

Lorenzo Bettoni is the Editor of Football Italia.

Original Article

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