Inter director Alessandro Antonello explains the Nerazzurri’s financial losses and confirms the club paid salaries entirely over the last two seasons.
Inter confirmed the club ran at a loss of €245.6m in 2020-21, the highest ever deficit in the history of Serie A.
They sold Romelu Lukaku and Achraf Hakimi for a combined €185m fee in the summer for to keep the books balanced.
“The club’s financial situation is safe,” Antonello told Il Sole 24 Ore.
“The stadium’s closure in the year of the Scudetto ride, however, took away from Inter about €60m revenues.
“We didn’t get further €50m because of the mandatory renegotiation of sponsorship contracts, especially with agencies in Asia and China, because of the block of corporate hospitality,” the club’s Corporate CEO continued.
“But beyond that, the loss is composed of several unique elements that will no longer recur in the future.
“What I would like to highlight is the fact that at the end of these two years, Inter have paid all salaries in full, in addition to €9m Scudetto bonuses. We’ve also paid the wages for July and August and we haven’t made anyone redundant.”
That`s 110m dude, not even half of it. What about the rest?! 😳 Can`t be just the golden handshakes
Lmfao
And cry baby Conte wanted more over the hill players like vidal and the like.
@Jon lets not pretend He wasn’t aquired for free. In truth, every club is responsible for their accountbook.
Let’s just admire the fact that no one was made redundant. It would have been very easy to ‘streamline’ during the pandemic and that would have meant loss of jobs in catering, kit room, laundry, ground staff, drivers, cleaners, comms, admin . . . . all the jobs that no one sees. So well done for keeping those people in work when there wasn’t as much work for them to do. If selling Lukaku meant keeping those jobs then it was worth it.
why dont the chinese sell the club?
@Sten: Too much of an ego? They have preferred to take another huge loan with a big interest just to keep ownership. Look at what happenend at Suning Jiangsu FC, they have simply disolved and staff was not compensated for their salary