Olimpia Milano and Virtus Bologna, accounts unveiled

Basketball, the accounts

Sport and Business, a section of Gazzetta.it, reported an analysis with the accounts of basketball clubs.

According to the report, the budgets of Olimpia Milano and Milano Bologna are in the range of 25 to 35 million euros, exactly 33.8 million for Olimpia and 26.1 for Virtus.

Not only that, out of Olimpia’s total revenues of 30.5 million, sponsorship with Armani accounts for more than half: 16.4 million. Virtus’ accounting documents do not specify the size of the contract with Segafredo Zanetti, but again according to the rosea, one can guess its weight in the 22 million revenues, of which 16.4 from sponsorships. In addition, in 2021-22 the owner of the Emilians stepped in with capital contributions of 3.6 million.

Last season, Ettore Messina’s team returned to win the scudetto, snatching it from the jerseys of Virtus Segafredo Bologna. The red-and-whites, who in the regular season had finished in second place right behind Sergio Scariolo’s team, immediately brought the court factor to their side in the final series and never let themselves be taken back by the Felsinei. In the Euroleague, Sergio Rodriguez (who said goodbye to the Red Shoes in the summer to return to Spain) and his teammates were eliminated by Ergin Ataman’s Anadolu Efes, who would win the tournament for the second year in a row.