NEWS
Friday September 28 2018
Inter make €18m loss

It’s reported Inter posted an €18m loss for the 2017-18 season, but they’ll meet their Financial Fair Play obligations.

The Nerazzurri held a board meeting today to approve the financial statements up to June 30, and ANSA reports an €18m loss.

That is an improvement on the €24m loss last year, and the Beneamata board also believe they have complied with Financial Fair Play.

Spending on infrastructure and the youth sector are excluded, so Inter just need to break even without those costs.

Revenue excluding player sales rose 6 per cent and will exceed €280m.

The board also set a shareholders’ meeting for October 26, when it’s expected Steven Zhang will replace Erick Thohir as President.

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