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MILAN – Inter Milan announced today that they had posted a loss of €140 million (RM621.46 million) for the 2021-22 season, a significant reduction in the wake of the Covid-19 pandemic.
The loss, which Inter said in a statement was due to virus restrictions still being in place for the first half of the last campaign, was around €105 million less than the previous season’s record losses.
Revenue was also up €75 million on the previous season to €439.6 million.
Inter said if the end of the 2019-2020 season (which ran into the following financial year after the pandemic ravaged Europe) is not considered, the revenue increase stands at €140 million.
Owner Suning “has already formally expressed his commitment to backing the group” by covering the losses, Inter said.
“The club’s two primary objectives remain steadfast: maintaining the team’s competitiveness at the highest level in every competition and strengthening its financial position,” said Inter.
On Friday, Inter’s Serie A rivals Juventus posted record losses of €254.3 million, the fifth straight year their accounts have been in the red. – AFP, September 28, 2022
