Inter have announced a ‘number of possible new sponsorships in the pipeline’ after having released a €31.5m drop in revenue since March 2019.
The report from Inter Media and Communication, published by Calcio e Finanza, revealed a drop of 34 per cent in revenue and the Nerazzurri explained they are working on new deals.
“To date, we have a number of possible new sponsorship contracts in the pipeline, which, if finalised, will start from the beginning of the new fiscal year,” the club announced, according to Calciomercato.com
Inter have announced a ‘number of possible new sponsorships in the pipeline’ after having released a €31.5m drop in revenue since March 2019.
The report from Inter Media and Communication, published by Calcio e Finanza, revealed a drop of 34 per cent in revenue and the Nerazzurri explained they are working on new deals.
“To date, we have a number of possible new sponsorship contracts in the pipeline, which, if finalised, will start from the beginning of the new fiscal year,” the club announced, according to Calciomercato.com
The resolution with Fulshare and King Dawn, two Asian sponsors, caused the big drop, resulting in lower revenues of €15m.
The contract with the marketing agency Beijing Yixinshije added a decrease of €18.7m, whilst a final €5.3 drop in revenues derived from a ‘failure to recognise contractual performance bonuses before the renegotiation and extension’ of the naming rights and sponsorship agreement with Suning.
In March, 2019, the club had €91.072m in revenues, falling to €59.587m this spring.