Inter’s Revenue Up By 20% In First Quarter Of 2022 But €120M Loss Expected For Fiscal Year 2021-22, Italian Media Report

Inter’s Revenue Up By 20% In First Quarter Of 2022 But €120M Loss Expected For Fiscal Year 2021-22, Italian Media Report
May 31, 2022 13:15
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SempreInter.com

Inter’s revenues are up by 20% for the first quarter of 2022, though significant losses are still expected in the budget for the fiscal year 2021-22.

This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, who report that the Nerazzurri will report losses of around €120 million for the fiscal year, down from the €246 million reported last time around.

The increase in revenues for the first quarter of the year are a positive sign for the club, and reflect the continued financial effects of last summer’s big money sales of Achraf Hakimi and Romelu Lukaku as well as the return of fans to stadiums.

Despite this overall positive trend, however, the financial situation at the club is still far from stabilized.

The losses from operating costs compared to revenues over the past fiscal year are still forecast to be around €120 million when the club meet about their official reports for the past fiscal year at the end of June.

By Toni Weeler

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