Inter have confirmed that they have satisfied the Financial Fair Play regulations at today’s shareholders meeting where they also approved the financial statements for this season, pending UEFA approval.

Through way of a statement on the club website, the Nerazzurri said:

“The FC Internazionale Milano S.p.A. Shareholders’ Meeting has today approved the 2016/17 financial statements, underlining the club’s significant growth.

“The consolidated financial statement shows revenue of €318.2m, an increase of €78.4m or 32.7% on the previous financial year, generating an EBITDA of €67.5m and a further reduction in operating losses, which fell to €24.6m, a €36.7m improvement on last year.

“For the club the operating losses satisfy the Financial Fair Play regulations for the 2016/17 tax year (pending formal approval from UEFA).

The statement concluded, “The process aimed at turning the club around is still in progress, but the desired results are already being obtained thanks to careful planning by the ownership and the excellent development prospects created as a result. The club must remain highly focused in order to continue to develop new revenues and ensure improved economic efficiency while at the same time aiming for its primary objective of returning to the level at which it has traditionally belonged.”

Source: Inter.it