FC Internazionale Milano SPA shareholders’ meeting approves financial results for 2022/23
Club
— Oct 26th 2023Shareholders approve financial statement for year ending 30 June 2023, with a significant reduction of losses (down €55m to -€85m). Increase in total revenue excluding impact of player trading (+€60m). Turnover stands at €425m. Majority shareholder continues to support club’s growth and ambitions with €51m of new funds and €86m recapitalisation. UEFA Settlement Agreement complied with.
MILAN, 26 October 2023 – The F.C. Internazionale Milano S.p.A.Shareholders’ Meeting approved the financial statement for the 2022/23 financial year at the end of today’s meeting attended by President Steven Zhang, via video call from Nanjing, Corporate CEO Alessandro Antonello and Sport CEO Giuseppe Marotta.
The financial year ending 30 June 2023 saw a further significant reduction in losses when compared to the 2021/22 financial year, from €140 million to €85 million, marking a decrease of €55 million. Total revenues for the season amounted to €425 million, an increase of around €60 million excluding player trading.
In the first season since 2020 to be played with the stadium gates fully open, the team reached the UEFA Champions League final and recorded the club’s highest-ever matchday revenues of around €80 million. Income from audiovisual rights also increased significantly as a result of the team’s exceptional performances, which brought two new pieces of silverware to the club’s trophy cabinet: a ninth Coppa Italia and seventh Italian Super Cup.
Operating costs fell from €528 million to €465.5 million while actions taken in the transfer window in the summer of 2022 cut the club's wage bill.
During the 2023 calendar year, the majority shareholder provided new shareholder loans for a value of €51 million and recapitalised the club with €86m. These investments helped support the club’s sporting ambitions, improve infrastructure and develop Inter on an organisational level.
Based on the results in the financial statement approved at today’s meeting, the club takes the view that it has complied with the terms of the UEFA Settlement Agreement and excludes the possibility of sanctions in relation to last season.