Inter Milan set new record revenue figure of €415m

September 30 – Inter Milan have set club record revenues of about €415 million for the year to June 30, 2019.

The accounts, which will be put before the club’s board for approval at the end of October, will likely show a small loss, according to reports, but the loss will be line with UEFA’s financial fair play.

Inter were taken over by Chinese group Suning in 2016 and gained full control of the club’s shares in January. Suning paid €270 million for the club as part of what is understood to have been an overall €750 million deal that saw them take on €230 million of debt and a €100 million loan from former majority owner Erick Thohir, as well as the financing requirement to invest in the playing squad to take the club forward.

The 2019 figures represent a significant 20% step forward for the club from the €346.9 million record figure reported for the previous year. For 2017/18 the club reported a loss of about €17.9 million.

The previous club record revenue of €323.5 million was set in 2009/10, the year of Inter famous treble of Serie A, Coppa Italia and Champions League wins.

Television deals have made up €157.6 million of 2019 revenue with €94 million coming from Serie A and €49 million from UEFA competition.

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