Inter’s precarious financial position was laid bare by a sobering report in one of Italy’s leading papers today.
Gazzetta dello Sport’s print edition revealed Serie A’s 20 clubs had amassed a total debt of €2.8 billion, an increase of €300 million from this time last year.
Inter’s numbers are among the most concerning, with the Nerazzurri’s €310.8 million in revenues falling somewhat short of their operative costs, which total €443.9 million.
The club have a net debt of €630.1 million, the highest of any team in Italy’s top flight.
Serie A’s finances have taken a big hit from the COVID-19 pandemic, but the report made it clear that debts were worsening even before the outbreak of the virus last year.
The league recorded an overall loss of €754 million during the 2019-20 season, in comparison to ‘just’ €292 million in the 2018-19 campaign.
The combined turnover of the 20 clubs also fell last season from €2.7 billion to €2.2 billion, with operative costs stable at €3.5 billion and capital gains reduced from €727 million to €658 million.
