Milan squad value tops €300m as accounts confirm record Ramos fee

AC Milan's squad book value has surpassed €300m following a major spending period detailed in the club's latest financial accounts. According to Calcio e Finanza, Milan spent €241.7m on player registrations during the 2025-26 financial year, raising the squad's accounting value to €300.4m from €200.9m. The headline acquisition was Gonçalo Ramos, who completed a permanent transfer from Paris Saint-Germain for a club-record €73.1m fee.

Other notable arrivals included Christopher Nkunku for €37.9m and Ardon Jashari for €35.7m. Milan offset costs through €86.6m in capital gains from player sales, led by Malick Thiaw's move to Newcastle and Theo Hernández's transfer to Al Hilal. Overall player wages dropped to €107.4m, while coaching staff expenditures climbed to €16.2m following the arrival of manager Massimiliano Allegri.