Inter Can Afford More Summer Signings After Lukaku, Financial Report Reveals

Inter Can Afford More Summer Signings After Lukaku, Financial Report Reveals
August 8, 2019 17:30
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Inter have enough financial wiggle room to make more signings in the transfer market this summer, a report revealed today.

The Nerazzurri agreed a deal to sign Romelu Lukaku from Manchester United yesterday and announced his arrival earlier.

However, the Belgian is unlikely to be the last high-profile acquisition this month because Inter’s current transfer activity is comfortably sustainable.

The encouraging news was announced earlier by Calcio e Finanza, who conducted an in-depth analysis of Inter’s finances for the 2019-20 season.

The report stated Inter have brought 10 players into the club this summer, between loanees joining permanently and new faces arriving, spending a combined total of €155 million.

This has seen the overall cost of the Nerazzurri’s squad, considering wages before tax, amortisation costs and players out on loan, rise to €236 million, marking a €40 million increase on the €198.2 million figure from the 2018-19 season.

UEFA encourages all its clubs to ensure the cost of their squad does not exceed 70% of their operational revenue, in a bid to control spending and avoid financial difficulties in future years.

Inter are due to recoup €417 million in revenue during the 2019-20 financial year, though – including the €46 million they raised in capital gains in June – meaning their squad-revenue ratio currently stands at a healthy 57%.

The club’s ratio has risen slightly from the 47% recorded during last summer’s transfer window, but there is still a very long way to go before their spending becomes unsustainable.

These statistics certify Suning’s reputation as a sensible and reliable business who will only let Inter spend as much as they can truly afford.

 

 

Will Beckman
By Will Beckman

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