Thus the Nerazzurri club: “In the calendar year 2023, the majority shareholder provided new shareholder loans for 51 million euros and also recapitalized the company for 86 million euros”. The support of the fans is fundamental: “Stadium revenues have exceeded the threshold of 80 million euros, the highest value in history”
26 September – MILAN
Inter’s accounts improve. Not only thanks to the greater revenues arrived from UEFA thanks to the Champions League final reached last season but also thanks to a virtuous path that began post-Covid with the signing of the settlement agreement with UEFA (so far respected). This morning the club’s Board of Directors meeting approved the budget proposal for the 2022/23 fiscal year, which will now be submitted for approval by the shareholders’ meeting, called for the end of October. The most significant data is that relating to the liabilities which in 2021-22 was 140 million and which has now dropped to 85.
zhang and the falling debt
The press release released by the Viale della Liberazione club states that “in the calendar year 2023, the majority shareholder provided new shareholder loans for 51 million euros and also recapitalized the company for 86 million euros. The continuation support from the owners has made it possible to push the club’s performance towards increasingly higher levels, absorbing the impact of the losses. (…) There is a further strong reduction in losses compared to the 2021/22 fiscal year, which went from 140 to 85 million euros, a decrease of 55 million euros. This result is generated by a double positive effect: 1) The containment of production costs, which went from 528 to 465.5 million euros. The actions undertaken in location of the transfer market in the summer of 2022 made it possible to reduce the overall value of wages; 2) The increase in revenues of approximately 60 million euros net of player trading, for a total of 425 million euros in overall turnover. This increase was due to match day revenues, in a season played entirely behind open doors for the first time since 2020 and which saw the team progress to the Champions League final. Thanks to the support of the fans, who once again led Inter to the attendance record in Italy and among the top clubs in Europe, stadium revenues exceeded the threshold of 80 million euros, the highest value in the club’s history.” .
Green light also from UEFA for the accounts even if Inter must remain cautious while waiting for official communications. “The financial results for 2022/23 will be evaluated by the relevant UEFA commission. The club believes it has complied with what is indicated in the Settlement Agreement and excludes the possibility of financial or sporting sanctions in relation to the past season.”
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Finally, an eye on the new season: “The 2023 summer market was conducted in substantial balance, bringing excellent level additions to the team and at the same time continuing the work of optimizing the cost of the squad, guaranteeing new concreteness to the objective of combining financial sustainability and maximum competitiveness of performance. To support sporting growth and confirm the international appeal of the Inter brand, the renewal was signed with the technical sponsor Nike, partner since 1998 and now until the 30th anniversary of 2028. The partnership with the global entertainment giant Paramount+, present on the front of the Nerazzurri shirt, which was also enriched with the arrival of U-Power as Back Jersey Partner. This summer the over 40 thousand season tickets sold out were sold out in a very short time disposition”.
September 26, 2023 (modified September 26, 2023 | 1.33pm)
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