Inter president Steven Zhang has revealed that the club’s growth plans have been able to be consolidated this year despite the financial problems brought about by the global COVID-19 pandemic.
The COVID-19 pandemic led to football in Italy being suspended for several months and whilst the 2019/20 Serie A season did resume and was played to completion, it was done without fans in the stands and all clubs were hit hard financially.
Inter’s annual shareholders meeting took place a short time ago and the club’s shareholders approved the financial statements for the 2019/20 financial year, in which the Nerazzurri club recorded a loss of €102.4 million as a result of revenues dropping by close to €50 million among other things.
“In a situation of significant economic downturn, we have been able to consolidate Inter’s growth plans, which rest on the creation of a global brand and are based around an innovative business vision whose main target audience is younger generations,” he explained following the annual shareholders meeting.
The Chinese businessman, who has been Inter’s president for little over two years now, then went on to discuss the future and what the plans are for it.
“Our commitment for the future is, as always, to guarantee the sustainability of the club and ensure improved results on the pitch.”
