Inter Record 12.9% Decrease In Revenue Due To COVID-19, KPMG Reports

Inter Record 12.9% Decrease In Revenue Due To COVID-19, KPMG Reports
January 25, 2022 20:00
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Inter recorded a decrease in revenue of 12.9% from their pre-pandemic levels since the start of the global COVID-19 health emergency.

This according to international accounting agency KPMG, who report that despite registering growth in revenues last season compared to the 2019-20 season, the Nerazzurri’s earnings fell 12.9% compared to the last pre-pandemic season of 2018-19.

The pandemic has had a significant financial impact on all football clubs, with the combination of stadium closures and other losses of revenue caused by economic contractions making normal operations significantly less profitable.

However, some clubs have been particularly hard-hit, and as KPMG report, the Nerazzurri’s revenues have seen a particularly sharp decline during the pandemic.

The agency further report that the Nerazzurri’s net loss of €245.6 million for the 2020-21 season is not only a club record net loss, but also a record for an Italian club, a further illustration of the economic impact that the pandemic has had on Inter.

By Toni Weeler

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