Inter Milan have recorded €425 million in annual revenue for the fiscal year of 2022-23.
The club released a statement, via FCInterNews, regarding the financial statements for the most recent fiscal year that the board of directors met to confirm today.
Inter’s board of directors met today to approve of the club’s set of accounts for the fiscal year of 2022-23.
The financial statements for the most recent fiscal year see the Nerazzurri record losses of around €85 million.
That comes as the result of the net balance still seeing the club’s expenditures outweighing the total annual revenues.
The club’s player wage bill constitutes its main expenditure.
Reportedly, owners Suning injected around €86 million into the club via cash injections. These primarily came from the loan that the Nerazzurri owners took on from US-based fund Oaktree Capital in the spring of 2021.
Inter Milan Record €425M Annual Revenues In 2022-23
However, the annual revenues have caught up significantly.
A big reason for this is the massive influx of cash that came in from reaching the Champions League final. That brought both prize money from UEFA and gate receipt earnings from knockout matches at the San Siro.
Then, the Nerazzurri also brought in around €60 million net from the transfer market during the fiscal year, the club announces.
Gate receipt revenues in general were high throughout the 2022-23 season.
This is the result of the San Siro having regularly sold out for matches, or otherwise having been very close to capacity.
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The Nerazzurri also give reasons why they could keep earnings of this scale up for the current fiscal year.
They note that shirt sales have been high early on. As have gate receipt earnings, with the San Siro having already sold out several times.
Additionally, Inter can rely on income from a main shirt sponsor, Paramount+.
The lack of main shirt sponsor earnings over the course of a full season was the one real financial downfall of the most recent fiscal year for Inter.
The Nerazzurri did sign a two-match deal with Paramount+ which included the Champions League final. However, the Nerazzurri did not bring in any cash from their ill-fated partnership with DigitalBits.