The Inter Milan board of directors has approved the club’s fiscal year 2022-23 financial figures.
According to today’s print edition of Milan-based publication Gazzetta dello Sport, as reported by FCInterNews, the €85 million in losses recorded by the club in this set of accounts are within UEFA Financial Fair Play requirements.
The Inter Board of Directors met today to approve the club’s most recent fiscal year’s financial statements.
Steven Zhang, President of the Nerazzurri, was present via video link from Nanjing.
And, as expected, the club accepted financial statements that show a total deficit of roughly €85 million.
es are within the parameters set by UEFA’s Financial Fair Play criteria.
The team has already fulfilled the criteria of their settlement agreement with the regulatory body of European football.
And now, the club has ratified a set of accounting that would bring them within an acceptable range.
The €85 million in losses is a decrease from the €140 million in losses recorded by Inter during the fiscal year 2021-22. This is a big improvement that allows the Nerazzurri to comply with their UEFA settlement.
Inter’s revenue from last season’s run to the Champions League final was critical to attaining this aim.
This is funded in part by UEFA prize money for each consecutive knockout stage of the competition.
However, the gate receipt
Revenue from San Siro knockout matches was also important.
According to the Gazzetta, Inter’s owners Suning invested around €86 million in the club during the previous fiscal year. These funds were mostly provided through loans, particularly those from the US-based fund Oaktree Capital.
