Inter’s Board of Directors have approved the club’s financial statements handed in on June 30th 2018 which stated that Inter’s loss was approximately €18 million, an improvement on the loss of €24 million sustained in 2017 Italian media outlet ANSA report.
According to the report the parameters set forth by UEFA’s Financial Fair Play rules, net of expenses for the youth sector and for infrastructure, have been respected as was reported earlier in June. The club’s net revenues, excluding player transfers, has increased by 6% in comparison to 2017 and should therefore exceed €280 million. This is a significant increase in revenues, considering that last season Inter did not take part in any European football, unlike the 2016/17 season when the Nerazzurri played in the Europa League.
The meeting began at 11.30 am CET and ended 12:15 pm CET and present in the meeting were Steven Zhang, Alessandro Antonello and Nicola Volpi whilst Erick Thohir followed the meeting via video in Indonesia. During the meeting the date of the annual shareholders meeting was set for October 26th at which point the future of Erick Thohir will be known both regarding his role as President as well as his ownership stake of the club.
