Inter Milan reports reduced financial losses, revenue increase

Inter Milan reported smaller losses and an increase in revenue for 2021-22 compared to the previous financial year.

At a board of directors meeting on Wednesday, the club presented figures that showed it ended the financial year with a loss of 140 million euros ($135 million) — a reduction of just over 105 million euros ($101 million) compared to the record 245.6 million euro ($236 million) loss it reported last year.

The club also highlighted that its revenues had increased by 75 million euros ($72 million) to 439.6 million euros ($423 million).

Inter labeled the results as “positive” after another season that “was largely affected by the social and economic consequences of the pandemic.”

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In further positive news for Inter, reports in Italy say that Nerazzurri president Steven Zhang is set to inject 100 million euros ($96 million) into the club. Inter added that: “The majority shareholder has already formally expressed his commitment to backing the group by ensuring asset support.”

Inter finished second in Serie A last season, relinquishing its title to city rival AC Milan.

It is currently seventh in the standings, having lost three of seven matches.