Inter Board Set To Approve Financial Statements With Revenue Record In Sight

Inter Board Set To Approve Financial Statements With Revenue Record In Sight
September 23, 2019 21:30
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During the course of this week, the executive board of Inter will approve the club’s financial statements up to June 30 2019 according to a report from Football finance experts Calcio e Finanza.

The Nerazzurri will close the balance sheet with revenues of €400 million meaning a new revenue record will be set dependent on losses – which will only be confirmed to the public once the accounts are closed.

Last year the club hit a record €346.9 million with a loss of approximately €17.9 million. The previous record of €323.5 million were set way back in the year Inter won their famous treble.

Inter expect to have €285 million in straight up revenue. €157.6 million of this year’s believed €400 million revenues have been made up through television deals between domestic and continental football – €94 million from Serie A and €49 million from UEFA.

The report concludes that the rest has been made up by the many sponsorship deals that the club have in place with domestically and abroad.

By Cammy Anderson