Italian soccer club AC Milan "swung back to profit" for the first time since 2006 as revenues grew by more than $106M (all figures U.S.) last year "to a record high." The club, owned by U.S.-based investment fund RedBird Capital Partners, reported a profit of $6.5M and revenues exceeding $426.8M in the financial year ended in June. Results are "mainly driven by revenue growth in commercial and sponsorships, broadcasting rights and an increase in season ticket sales" (BLOOMBERG NEWS, 10/23).
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