FC Internazionale Milano S.P.A. Shareholders' meeting approves 2021/2022 financial results
Club
— Oct 28th 2022The shareholders have approved the results for the financial year ending 30 June 2022, which shows a new record for revenue (€439.6 million) and a reduction in losses of over €105 million compared with the previous financial year. Against a difficult financial backdrop caused by the uncertainty generated by the global pandemic and international tension, the 2021/22 season produced financial results on a positive trend and yielded two trophies to add to the club’s haul: the eighth Coppa Italia and sixth Italian Super Cup, while Inter qualified for the UEFA Champions League for the ¬¬fifth year in a row, having reached the round of 16 in Europe’s elite club competition for the first time in ten years. The majority shareholder has already formally displayed their commitment to backing the group by guaranteeing financial support.
Milan, 28 October 2022 – The F.C. Internazionale S.p.A. shareholders’ meeting, held in person for the first time since 2019, has approved the 2021/22 financial results.
In line with the previous year, the season was played out in a challenging economic environment due to the uncertainty generated by the global pandemic, with measures to stem the spread of the virus only gradually lifted in the second half of the season, and growing international tension in 2022.
The club’s results pick up the positive trend from where they left off prior to the start of the pandemic,setting a new record for revenue and a significant reduction in losses. The team has remained competitive at the highest level, qualifying for the UEFA Champions League for the fifth season in a row and reaching the round of 16 for the first time in ten years, while there were two additions to the trophy cabinet: the eighth Coppa Italia and sixth Italian Super Cup.
The financial results from last season saw an increase in consolidated revenues of around €75 million, making a total of €439.6 million, compared with €364.7 million in the previous financial year. Considering comparable data, which in this case means without taking into account the end of the 2019/20 season in the 2020/21 financial year as it finished when the following financial year had already begun, the increase in revenue is approximately €140 million.
The financial year ended with a loss of €140 million, which was down by almost €105 million compared with €245.6 million in 2021.
The majority shareholder has already formally displayed their commitment to backing the group by guaranteeing financial support.
President Steven Zhang opened the proceedings at the shareholders’ meeting by addressing the shareholders with a summary of the last few years affected by the pandemic, while outlining the majority shareholder’s plans for the future.
“During this difficult period of time, so many things have changed, but our love and passion for Inter have remained steadfast. The last three years have been tough, but we have got through them together with determination and ambition, as seen by our haul of three trophies after an 11-year wait. We were brave enough to tackle the pandemic with dynamism and the ability to win and stay at the top. The reality is that the club’s future has never been in question and our vision for Inter is crystal clear. Our long-term commitment is to guarantee a future that is in line with the club’s illustrious history. It is necessary to continue down this path, carried forward by sporting ambition, thanks to the passion emanating from our fans the world over. They are the reason the club is fighting for a second star and for victory on every pitch, while being committed to ensuring the project champions sustainable growth in this sector at an institutional level.””
Steven Zhang - Presidente FC Internazionale Milano
“We proudly finished last season with two trophies to show and a place in the Champions League last 16, a feat that the club hadn’t achieved in ten years, and we’ve replicated that this year by getting through a group in which everyone thought we were the underdogs. Congratulations to Simone Inzaghi and all the players. Our Primavera side won a tenth Scudetto title, making Inter the first club in Italy to have earned a historic first star at youth level. The Inter Women project is also showing more and more ambition. In preparation for the 2022/23 season, we made numerous carefully chosen incoming and outgoing operations, which were completed in line with the parameters that we had set for ourselves, building a squad that does not want to set any limits and that wants to approach the journey that lies ahead in the league with self-belief and a desire to keep winning.”
Giuseppe Marotta - CEO Sport FC Internazionale Milano
“The results from the 2021/22 financial year show a return to more positive trends. We have seen record turnover this year after the previous one in the 2018/19 season along with a significant drop in losses. We have got back on the right track, but the road ahead of us is still long and challenging. As always, our goal is to combine the highest level of sporting competitiveness with financial sustainability. Consolidating the club’s sources of revenue has to be achieved not only by enhancing and expanding the Nerazzurri brand, which entails offering more personalised and exclusive experiences for fans around the world as well as speaking the language of younger generations, but also and above all by investing in infrastructure, the most significant of which is the new stadium project.”
Alessandro Antonello - CEO Corporate FC Internazionale Milano