A report from today’s paper edition of the Milano based newspaper la Gazzetta dello Sport has analysed Inter’s financial losses last year.
The report details how the Nerazzurri closed the 2019/20 financial year with losses of €102.4 million, less than the €204 million losses suffered by Roma and the €195 million suffered by rivals AC Milan.
The Milanese club, like all Italian teams, are heavily suffering from the effects of the Covid-19 pandemic, which is forcing games to be played behind closed doors.
Ticket sales have raised up to €60 million in the past, considering that the team had a pre-Covid fan average of 65,800 in the stadium.
Inter have also received requests to renegotiate some terms of their sponsorship agreements, which could further harm revenue.
Suning invested around €217 million in the transfer market in that financial year, with the top players being Romelu Lukaku for €67 million, Achraf Hakimi for €40 million and Nicolo Barella for €40 million, as well as the €27 million for Christian Eriksen.
The debts, after deduction of receivables, went from €490 million to €630 million, with usage of additional credit lines being €25 million.
The Suning group could simply convert €70 million of old loans into capital in order to inject more funds into the club and help fix the balance sheets.
The Zhang family are open to this and steps will be taken over the coming months.
