Inter Milan announce losses of €245.6m
Inter Milan have announced losses of €245.6m from the past year after confirming revenues of €364.7m.
According to Inter’s board, the losses arrived due to Italy’s stadium lockout and also the “contractual reductions” of sponsors due to the lack of activity available.
The Serie A champions also stated, “The Club promptly embarked on a rebalancing policy, with two primary objectives to pursue: the achievement of financial stability and the maintenance of the team’s competitiveness.
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“Summer market operations will generate a positive economic impact on the path to sustainability. The arrival of players of international experience and the return of talents from the academy aims to keep.”
Inter have also highlighted their sponsorship deals with crypto currency companies Socios.com and Digitalbits.