Inter Finances on the Up-and-Up but Still in the Red

Inter significantly sliced their losses, but their increased revenue in the past campaign won’t be enough to allow them to break even in the 2022/2023 balance sheet session. The Nerazzurri will officialize to have been in the red for €85M, way down from the previous €140M tally, on Tuesday, La Gazzetta dello Sport informs.

Reaching the Champions League was as profitable as cashing in Romelu Lukaku and Achraf Hakimi on their books. They earned €90M in TV money, plus €10M more in ticket sales. The sale of the two stars had fetched a similar sum, considering the installments, in 2021.

Inter respected their Financial Fair Play obligations and won’t face discipline from UEFA. They spent last summer, primarily for Benjamin Pavard, but only after selling André Onana to Manchester United for €55M.

The overall revenues have decreased a little, from €439M to €425M. However, the precedent sum was fueled by key departures, while the current one was more organic. Zhang won’t need to find alternative ways to bankroll the team.

In addition, Inter brought in a club-record figure thanks to their fans and game-day profits, €80M. The income contributed to offsetting the €22M loss generated by the sponsorship deal with DigitalBits. Their payroll has decreased by 12 percent relative to last year. They drastically cut down their squads, going from 133 to 72 players under contract.

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