Inter Milan records $71.8m revenue increase in 2021-2022 financial year
Inter Milan reported $420.7 million in revenue for the 2021-22 financial year, up $71.8 million year-over-year.
The Serie A club’s statement clarified that with “financial comparatives, which means the end of the 2019-20 season is not taken into account in the 2020-21 financial year, despite the time overlap, the increase in revenues is approximately [$134 million].”
Inter won its eighth Coppa Italia and sixth Italian Super Cup but ended the year with a loss of $134 million, down from $235.1 million the year prior.
Inter states its finances were still “largely affected by the social and economic consequences of the pandemic,” with restrictions gradually lifting in the second half of the season.
The club claims its majority shareholder is committed to “backing the group by ensuring asset support.”
In 2016, Chinese electronics retailer Suning Commerce Group purchased a nearly 70% stake in the club for roughly $307 million.
Last year, Suning injected a loan of around $71.8 million into the team and is reportedly set to inject another $95.7 million to “add more breathing room to the budget.”
The 2022/23 football season began with San Siro full of Inter fans. This followed a successful season-ticket campaign, the first since the pandemic, confirming the record-breaking trend of attendance at the Meazza.
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.
Inter and AC Milan are working to build a new stadium with 60,000-65,000 seats, which could mean the demolition of San Siro.
“The planned investment is [$1.25 billion] and will increase job opportunities in the area,” Inter director Alessandro Antonello said.
The teams are projected to generate $119 million in revenue per season from the new stadium dubbed “The Cathedral.”
