Inter Milan have confirmed that they have fallen in line with FFP regulations and will not face any sanctions from UEFA.
The club make the announcement, via FCInterNews, that the Nerazzurri board of directors has approved financial statements for the 2022-23 fiscal year which they expect will fall within the terms of their settlement agreement with European football’s governing body.
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.
A key matter for Inter has been to ensure that financial losses fall within the limits allowed for by UEFA’s Financial Fair Play regulations.
The club have successfully met the terms of their settlement agreement with European football’s governing body.
And now, the club have officially ratified a set of accounts that would see them fall within an acceptable range.
The €85 million in losses is down from €140 million that Inter recorded during the fiscal year of 2021-22. This is a significant improvement that sees the Nerazzurri comply with their settlement with UEFA.
Inter Milan Officially Announce – No Financial Or Sporting Sanctions From FFP
Whilst there were some financial setbacks during the most recent fiscal year – particularly the disastrous main shirt sponsorship agreement with cryptocurrency company DigitalBits – it was largely a positive one for Inter on a financial level.
The Nerazzurri pocketed huge revenues from the Champions League, where they reached the final.
Therefore, he end result is that Inter have managed to fall within the terms of their settlement agreement with UEFA.
That had always appeared to be likely to be the case. However, now the club have confirmed it.
The board of directors have approved a set of financial statements that should see them avoid sanctions.
Inter released an official statement which reads as follows:
“We believe that we have respected all of the terms of our settlement agreement with UEFA. And these would exclude the possibility of sporting or financial sanctions in relation to the past season.”