Inter balance sheet, half-yearly profit of 22 million thanks to the transfer market and sponsors

MILANO – The transfers of Brozovic e Drunk. But also the proceeds from the Champions League group. The Inter board of directors has approved the budget for the first half of the current season, which ended on 31 December. And it is useful for 22 millionwith revenues of 265 million, up 35 percent compared to the same period last year.

A profitable semester

“The Council, chaired by President Steven Zhang via video link from Nanjing, approved the results for the first half of the current season, which recorded a consolidated net profit of 22.3 million Euros, to be compared with a net loss of 63.5 million Euros for the previous year, with an increase of 85.8 million euros”, reads the Inter note. This does not necessarily mean that the data will still be positive on June 30th. The forecast is that the Nerazzurri club could close with a deficit of around forty million, halving the losses compared to the last season. However, the data for the first half of the year is still encouraging. Also pushing the numbers are sponsor revenues, which are constantly growing, and those from the stadium, with San Siro constantly sold-out.

Revenues up by a third

In detail, the club’s note underlines: “This result is driven by an increase in revenues, equal to 265.4 million euros, up by 34.6% or 91.8 million euros compared to the same reference period , accompanied by a substantial stabilization of costs. The increase was driven by market operations in the 2023 summer session, amounting to €41.7 million. Furthermore, the values ​​of audiovisual rights and matchday revenues increased for a total of 29.4 million euros. To complete the picture, the increase in the value of sponsorship revenues, generated mainly by the renewal with the technical sponsor Nike and with the Jersey Sponsor Paramount+, and by the retail & licensing division of the Club”

The outlook for June

The elimination in the round of 16 of the Champions League, on penalties after the double match against Atletico Madrid, in the second half of the season will instead deprive the club chaired by Steven Zhang of the revenues that last year it had received from the quarter-finals, semi-finals and final . The same goes for the Italian Cup, from which the Nerazzurri club exited in the round of 16 in this edition, after having won the trophy in the last one. On the other hand, what undermined the accounts last season was the insolvency of the sponsor Digitalbits, replaced by Paramount+. “To the conversion to equity of shareholder loans for 76 million euros carried out in September 2023, a further conversion of 22 million euros is added today with effect from 31 March 2024. In the current season the support from the majority shareholder has reached a total of 98 million Euros – reads the note –. FC Internazionale Milano expects to close the 2023-2024 financial year with a consolidated result improving compared to the previous season. The path to improving the economic-financial situation of the Club continues clearly, supported by a virtuous circle fueled by the positive results obtained by the club on and off the pitch”, concludes Inter.