Inter will be able to buy a midfielder in January, reports suggest, but further investment depends on the Chinese government.
The Nerazzurri’s board yesterday approved the accounts for 2016-17, Corriere della Sera reports, with a loss of €24m.
However, revenue increased by 33 per cent, from €241.4m to around €321m and the net loss doesn’t necessarily mean the club will fall foul of Financial Fair Play.
Inter will be able to buy a midfielder in January, reports suggest, but further investment depends on the Chinese government.
The Nerazzurri’s board yesterday approved the accounts for 2016-17, Corriere della Sera reports, with a loss of €24m.
However, revenue increased by 33 per cent, from €241.4m to around €321m and the net loss doesn’t necessarily mean the club will fall foul of Financial Fair Play.
The Beneamata are still being monitored by UEFA this season, but there are certain things such as the youth sector and infrastructure which can be deducted.
Inter must still respect FFP though, and the summer transfer campaign leaves around €80m still to be deducted from the budget.
Qualification for the Champions League would add €50m, but there’s some dispute over whether that money could be included in the 2017-18 budget.
A board meeting will be held before the end of October, after the Chinese Communist Party’s congress on October 18.
The Beijing government has put new controls on foreign investment, and the club’s Chinese owners, Suning Group, will have to understand what they’ll be allowed to spend on Inter.
Erick Thohir still retains a 30 per cent stake, and if the Chinese government doesn’t lift controls he could remain for longer than expected.