Inter have approved their balance sheets for the financial year ending June 2023, confirming significant increases to revenues and decreases to losses.
The Nerazzurri have continued to grow under Simone Inzaghi and unexpectedly reached the Champions League final last season, losing in tight fashion to Pep Guardiola’s Manchester City.
Inter have carried this momentum into the new season and currently find themselves at the top of the Serie A table after nine matches, sitting one point ahead of rivals Milan. Many have named Inzaghi’s side as favourites for the Scudetto this season.
As announced today, Inter have approved their financial documents for the year ending June 30 2023, confirming a number of positives for their economic health.
Compared to last year, losses dropped by €55m from €140m to €85m. Total revenues increased to €425m, rising by around €60m excluding any transfers. The team recorded record matchday revenues of around €80m. Operating costs fell from €528m to €465.5m.
Corporate CEO Alessandro Antonello discussed the balance sheets, saying: “The financial year which ended on 30 June 2023 was marked by a significant decrease in terms of losses, achieved thanks to consistent increase in revenue in our core business along with further decreases to our operating costs.
“Thanks to the efforts of every area of the business and with the majority shareholder supporting the club’s ambitions, we continue to pursue our aim of creating a winning formula between competitiveness on the pitch at the highest level, the essence of our core business, allied to economic and financial sustainability.
“These two aspects, what occurs on the pitch and what goes on off it, are inextricably linked and they both contribute to the healthy development of our sport.
“Our most important mid-to-long-term goal is the construction of a new stadium owned by Inter. Time is the crucial factor now and our current focus is on plans to build a new stadium in the Rozzano neighbourhood.”
Apparently the Paramount+ deal for this season pays us 11m€ + bonuses (they paid 1.5M for the CL final). Nike deal which is till 2031 (!) pays us only 21m€ + bonuses per season. There are reductions if we miss CL (25%) or euro competitions completely (50%). These are really unbelievably low numbers. That Nike deal specially is incredibly poor deal unless those bonuses are significant.
Back sponsor is 4.5m€ + bonuses per season for 4 years. That’s like the only decent deal.