Financial Report: Inter Milan follow Italian rivals and incur €102 million loss

27 November 2020 1:53 PM

StevenZhang — Photo: PA Images "In a situation of significant economic downturn, we have been able to consolidate Inter’s growth plans, which rest on the creation of a global brand and are based around an innovative business vision whose main target audience is younger generations," Inter Milan president Steven Zhang said.

The club's loss for the 2019/20 season is more than twice the figure in the year prior.

Several other big Italian clubs have recorded historic losses as the coronavirus pandemic took its total.

Were it not for deferred income, turnover would have been stable at €423.7 million.

Emil Gjerding Nielson nielson@offthepitch.com

Inter Milan recorded a loss of €102.4 million for the 2019/10 season, a period remembered for the massive impact the coronavirus pandemic had on the world of sport.

Their results were revealed after a number of other big Italian clubs presented historic deficits; AS Roma a loss of €204 million; AC Milan €195 million; and Juventus €89.7 million.

"The financial year saw economic and financial streamlining measures implemented, with a particular focus on monitoring costs and carefully managing working capital, investment and liquidity," the club said in a statement.

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