Inter Milan approve 2023/24 financial statements: Record revenue and reduced losses
Inter Milan’s Shareholders’ Assembly has approved the financial statements for the 2023/24 fiscal year, revealing significant improvements in the club’s financial position. Calciomercato detail how the most notable highlights include a record-breaking revenue of €473 million, marking a historic high for the club. This represents an increase of €48 million in total revenue compared to […]
Inter Milan’s Shareholders’ Assembly has approved the financial statements for the 2023/24 fiscal year, revealing significant improvements in the club’s financial position.
Calciomercato detail how the most notable highlights include a record-breaking revenue of €473 million, marking a historic high for the club. This represents an increase of €48 million in total revenue compared to the previous year. Additionally, the club has managed to substantially reduce its losses to €36 million, a decrease of approximately €50 million from the 2022/23 fiscal year.
Following the end of the season, the new majority shareholder recapitalized the company with €47 million. This included €44 million in fresh funds and the conversion of the remaining €3 million from shareholder loans.
Giuseppe Marotta, President and CEO Sport of FC Internazionale Milano, commented on the financial results, linking them to the club’s recent sporting success: “This budget reflects a legendary season, marked by the achievement of the Second Star, a milestone in Inter’s history within a winning cycle that we intend to continue.”
Alessandro Antonello, CEO Corporate of FC Internazionale Milano, highlighted the record-breaking revenue: “The 2023/24 fiscal year saw the company reach a historic revenue record of over €470 million, driven by excellent results on the field, and a reduction in losses of about €50 million.”
Both executives emphasized the importance of financial stability for future growth and competitiveness. They also mentioned ongoing projects, including plans for a new stadium owned by Inter, as key to the club’s future development.
The financial improvements come at a time when Inter is experiencing success on the field, having recently secured their 20th Serie A title. The club’s management is focused on maintaining this competitive edge while ensuring financial sustainability in the coming years.
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