Inter Milan are on track to achieve their target of financial statements, but must make further improvements to meet UEFA targets.

This according to today’s print edition of Rome-based newspaper Corriere dello Sport, via FCInterNews. The newspaper detail the limits that Inter must fall within in future sets of accounts.

Inter’s board of directors met yesterday 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 Still Targeting Future Improvements To Fall Within UEFA Regulations

For the time being, it’s job done for Inter on a financial level.

The reduction of losses by almost €60 million from one set of accounts to another is obviously a massive one.

And, the Corriere report, the club see this as evidence that they are well on track to achieve their goal of long-term financial sustainability.

As far as the UEFA regulations go, this reduction is sufficient.

But that is only the case for the most recent fiscal year.

UEFA have been rolling out retooled Financial Fair Play regulations over a period of five years, beginning in 2021.

The governing body have gradually lowered the amount of losses that clubs can record over that period.

And so for the most recent set of accounts, Inter fell within the terms of their settlement agreement. €85 million in losses was acceptable per the terms of the agreement for the fiscal year ending in 2023.

But for the 2023-24, 2024-25, and 2025-26 sets of accounts, things will be difficult.

Over that three-period, the total losses cannot exceed €60 million.

And starting with the next set of accounts, losses in a single fiscal year must be below €30 million.