Inter reports reduced financial losses, revenue increase

By: The Associated Press Posted: 10:14 AM CDT Wednesday, Sep. 28, 2022

MILAN (AP) — Inter Milan reported smaller losses and an increase in revenue for 2021-22 compared to the previous financial year.

Read this article for free:

or

Already have an account? Log in here »

To continue reading, please subscribe:

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

MILAN (AP) — Inter Milan reported smaller losses and an increase in revenue for 2021-22 compared to the previous financial year.

Read unlimited articles for free today:

or

Already have an account? Log in here »

Hey there, time traveller!
This article was published 28/09/2022 (1430 days ago), so information in it may no longer be current.

MILAN (AP) — Inter Milan reported smaller losses and an increase in revenue for 2021-22 compared to the previous financial year.

At a board of directors meeting on Wednesday, the club presented figures that showed it ended the financial year with a loss of 140 million euros ($135 million) — a reduction of just over 105 million euros ($101 million) compared to the record 245.6 million euro ($236 million) loss it reported last year.

The club also highlighted that its revenues had increased by 75 million euros ($72 million) to 439.6 million euros ($423 million).

Inter Milan's coach Simone Inzaghi looks on ahead of the Serie A soccer match between Udinese and Inter, at the Friuli stadium in Udine, Italy, Sunday, Sept. 18, 2022. (Andrea Bressanutti/LaPresse via AP)

Inter labeled the results as “positive” after another season that “was largely affected by the social and economic consequences of the pandemic.”

In further positive news for Inter, reports in Italy say that Nerazzurri president Steven Zhang is set to inject 100 million euros ($96 million) into the club. Inter added that: “The majority shareholder has already formally expressed his commitment to backing the group by ensuring asset support.”

Inter finished second in Serie A last season, relinquishing its title to city rival AC Milan.

It is currently seventh in the standings, having lost three of seven matches.