Inter ran at a loss of €102.4m in the year ending June 2020, with revenue plummeting by €45m. ‘We laid strong foundations which will – in time – allow us to be successful again.’
The club released its figures during the shareholder’s meeting, which was held in a video conference call.
Naturally, the finances were badly affected by the pandemic and closure of stadiums, leading to no revenue coming in from ticket sales.
Inter were also one of the Serie A clubs to refund season tickets.
This means revenue fell by €45m compared to last year, consolidated at €372.4m, and the club ran at a loss of €102.4m last season.
“In a situation of significant economic downturn, we have been able to consolidate Inter’s growth plans, which rest on the creation of a global brand and are based around an innovative business vision whose main target audience is younger generations,” said President Steven Zhang.
“Our commitment for the future is – as always – to guarantee the sustainability of the club and ensure improved results on the pitch.”
CEO Sport Giuseppe Marotta also spoke at the meeting and assured Inter were on the right track.
“We laid strong foundations which will – in time – allow us to be successful again. Our objective remains to constantly improve results, season after season.”