With a growth in commercial revenues and an expected decrease in losses, the finances continue to improve at Inter Milan.
This is highlighted in today’s print edition of Milan-based newspaper Gazzetta dello Sport, via FCInter1908.
Inter’s financial issues in recent years have not been any big secret.
These culminated in record losses of €246 million during the financial year ending in June 2021.
That number went down to €140 million in losses the following year. And then last financial year, ending in June 2023, Inter recorded losses of €85 million.
As far as the ongoing financial year, there are still several months to go. And then the Nerazzurri will have to approve financial statements that show exactly what the situation is.
But the Gazzetta report that the club are on track to reduce their losses to around €50 million.
There are a few reasons for this.
How Inter Milan Financial Situation Continues To Improve
In terms of the squad and the transfer market, Inter have continued to make improvements.
The amortized cost of the squad in the financial year ending in June 2021 was €137 million. This fell to €101 million and then €90 million in the two subsequent financial years.
This season, the total amortized cost of Inter’s squad will be €78 million in the club’s account.
Meanwhile, the cost of player wages will actually be the same as last season.
Inter have made efforts to reduce the wage bill, including offloading high-earners like Edin Dzeko, Romelu Lukaku, and Marcelo Brozovic last summer.
But at the same time, replacements have arrived who are also on high wages.
And Inter have also handed out several major contract extensions in recent months, which have included wage increases.
These factors have seen Inter’s total costs fall from €452 million to €429 million compared to the previous financial year.
In terms of revenues, there is one area where Inter are missing out compared to last season.
Last time around, the Nerazzurri reached the Champions League final. This meant that the revenues from UEFA exceeded €100 million.
This campaign Inter will go no further than the round of sixteen in that competition. That entails revenues of around €65 million.
That also affects the matchday revenues. With fewer high profile matches at the San Siro, Inter’s total gate receipt earnings will fall from €79 million to €75 million.
That is still a 15% increase in terms of earnings per match, the result of higher ticket prices.
Then, domestically, it is a different picture. Inter’s revenues from Serie A will rise to €100 million from €87 million in the last financial year. At least presuming Inter finish the season as champions.
And the Supercoppa Italiana revenues have also increased with the expansion in the format.
And the most significant improvement of all came in terms of commercial revenues.
The Gazzetta note that Inter are on track to record a 48% increase in commercial revenues compared to last financial year.
For the financial year ending in June 2023, the total commercial revenues were €54 million. This time around they will be €80 million.
This reflects a number of commercial partnerships, including having sorted out the main shirt sponsorship after issues with DigitalBits last season.
