3.1 C
New York
Sunday, December 4, 2022

Buy now

Inter Milan records a loss of 140 million euros on accounts 2021-22 | Football news

MILAN: Inter Milan announced on Wednesday that they had booked a loss of 140 million euros ($133.9 million) for the 2021-2022 season, a significant reduction in the wake of the Covid-19 pandemic.
The loss, which Inter said in a statement was due to virus restrictions still in effect in the first half of last season, was about €105 million less than the record losses of the previous season.
Turnover also increased by 75 million euros compared to the previous season to 439.6 million euros.
Inter said that excluding the end of the 2019-20 season (which ran into the next fiscal year after the pandemic hit Europe), the increase in turnover would stand at 140 million euros.
Owner Sun tanning “has already formally expressed its commitment to support the group” by covering the losses, Inter said.
“The club’s two main goals remain steadfast: to maintain the team’s competitiveness at the highest level in every competition and to strengthen its financial position,” Inter said.
On Friday Inter’s Series a rivals Juventus posted a record loss of 254.3 million euros, the fifth year in a row their accounts are in the red.

Source link

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected


Latest Articles