Inter’s board of directors will approve their financial statements for the year ending June 30, 2023, cutting losses by over €50m compared to last year.
Page five of today’s Gazzetta dello Sport details how the Nerazzurri will close their balance sheets with losses of close to €85m, a significant reduction compared to the €140m losses posted for the year ending June 30, 2022.
The club’s accounts have improved dramatically. Their turnover has shrunk slightly, down from €439m last year to €425m currently, but last year’s numbers include the sales of Romelu Lukaku and Achraf Hakimi.
A key factor behind the improvements is their run to the Champions League final, which provided a key portion of their revenues over the last year. Inter also generated €80m in euros from ticket sales.
Costs were reduced to €72m from owned players, a figure that sat at €133m three years ago, and the total wage bill has fallen by around 12%. The overall losses could’ve dropped to €63m had the €22m deal with DigitalBits not fallen through.