Inter have announced they expected to sign a settlement agreement with UEFA’s Club Financial Control Body after recording a break-even deficit in each of the past four years.
The club released a statement in which they explain they are likely record break-even deficit for 2022 and have transmitted this information to European football’s governing body.
Inter insist this situation is quite common and has affected other clubs across the continent and that they expect to sign an agreement settlement with UEFA by the end of June 2022.
A club statement read: “As reported in our Q2 report, in February 2022 UEFA opened proceedings in respect of the club in accordance with Article 12 (1) of the Procedural rules governing the UEFA Club Financial Control Body (“CFCB”) – Edition 2021, due to the FFP break-even deficit we recorded in the monitoring period covering the reporting periods 2018, 2019, 2020 and 2021.
“A break-even deficit is also expected for the reporting period ending in June 2022 and already communicated to UEFA.
“According to our evidence, same situation applies to a number of other clubs in Italy and Europe which recorded a FFP break-even deficit measured according to the current rules.
“While interactions with UEFA are still in progress, we expect to sign a settlement agreement before end of June 2022 which will include certain financial ratios we will have to meet in the reporting periods ending in June 2023, 2024 and 2025.
“These ratios are expected to be set according to a framework aimed at gradually bringing the club to be fully compliant with new UEFA “football earnings rule” by the 2025-26 sporting season.
“We also expect the settlement agreement will include a possible mechanism of financial and sporting sanctions mainly related to the breach of the agreed financial ratios (with these sanctions proportionate to the size of the potential breach).”
Inter have struggled financially over recent seasons and have been put in a position where they have had to let some of their biggest assets leave.
After winning the title last season, Hakimi and Romelu Lukaku – two key components – joined Paris Saint-Germain and Chelsea respectively.
And there are fears there are likely to have to take similar action this summer with defender Alessandro Bastoni linked with a move away.