Inter approved the balance for the 2021-2022 season in a shareholder’s meeting today. The staggering losses had already been made public previously. President Steven Zhang gave a speech, confirming that the team is not for sale. He called the rumors “false and speculative.”
The revenue amounted to €364,7M, with a record €245,6M deficit compared to the past session. The COVID-19 pandemic had a €110M impact, according to the club. They missed €70M from ticket sales and €40M due to the reduction of the income from sponsorships.
In his speech, the chairman celebrated last year’s title, which ended an 11-year drought. “This success is proof that any challenge can be overcome with determination and commitment. For this, I want to thank all the women and men at Inter. This was our goal when we first arrived in 2016.”
“My duty as president and owner, as it has always been and as it will be in the future, is to work for the long-term good of the club. We must be brave and resilient. The club’s financial stability and sustainability, combined closely with competing at the highest level, are the focal points of our strategy. We are champions, and we are proud to fight. Every business must be able to adapt to change, seizing the opportunities for restructuring and growth. The operations Inter concluded this summer go in this direction.”
“The club will operate with the aim of stabilizing its finances by carefully managing costs and consolidating and expanding revenue streams. Over the last many years, many were the rumors that surrounded Inter and the commitment of the ownership. However, none of them are true. We are one of the most important teams in Europe, therefore fake and unfounded rumors and speculations will always surround us.”