Official – Inter Record Annual Loss Of €245.6M In Total, €110M Due To Impact Of COVID-19

Official – Inter Record Annual Loss Of €245.6M In Total, €110M Due To Impact Of COVID-19
October 28, 2021 13:30
( )

Inter have officially announced a loss of €245.6 million during the shareholders meeting that recently took place, according to a report in the Italian media.

As has been published on the club’s official website, Inter can attribute a loss of €11o million directly to the effects of the Coronavirus pandemic that impacted the 2019/20, 2020/21, and current Serie A campaigns.

The overall losses come to €245.6 million and the revenues for the 2020/21 season were €364.7 million.

Around €70 million of the lost money is thanks to the complete lack of matchday revenue during the 2020/21 season as all football stadiums in Italy were closed.

€40 million of the loss s attributed to the reduction in sponsorship revenues that had to be negotiated once it became clear that fans would not be in the stadiums for an extended period of time.

A further €30 million loss was due to the termination of sporting contracts over the past year, as was announced at the meeting.

By Euan Burns

Inter Worried By Contract Stalemate With Milan Skriniar Amid PSG Interest & Want To Resolve Situation By End Of 2022, Italian Media Report

September 27, 2022 19:30
( )

Inter are finding themselves worried by the unresolved nature of defender Milan Skriniar’s current contract situation, and want to get things cleared up by the…

Inter Corporate CEO Alessandro Antonello: “Ready To Invest €1.3B In New Stadium Along With AC Milan, Capacity Will Be 60-65,000”

September 27, 2022 19:00
( )

Inter Corporate CEO Alessandro Antonello has provided an update on the plans to build a new stadium in Milan to replace the San Siro along…

Stefan De Vrij No Longer Untouchable On The Pitch Making His Contract Situation Up In The Air, Italian Media Report

September 27, 2022 18:30
( )

Inter defender Stefan de Vrij’s contract situation is very much up in the air due to the fact that he is no longer secure of…

Close

Subscribe

to our newsletter