Inter Milan announce 35.4 million euro profits ahead of San Siro vote / Photo: © AFP/File
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Inter Milan announce 35.4 million euro profits ahead of San Siro vote
Inter Milan announced on Monday profits of 35.4 million euros ($40 million) for the 2024/25 season, the first time the club's accounts have been in the black for 15 years.
The Serie A club, owned by American investment fund Oaktree, made a near 70 million-euro turnaround compared to the 35.7 million-euro loss posted in the previous financial year.
Inter posted club-record revenues of 567 million euros "due to an increase in revenues from domestic and European competitions, as well as participation in the first edition of the FIFA Club World Cup".
"There was organic growth in commercial revenues from sponsorships and matchdays," added Inter.
Those numbers give something of a positive outlook to last season which ended in disappointment on the pitch, with the Serie A title conceded to Napoli and a 5-0 hammering at the hands of Paris Saint-Germain in the Champions League final.
Four years ago, Inter announced record losses of 245.6 million euros for the 2020-2021 season which was affected by the Covid-19 pandemic, but since then the three-time European champions have managed to slowly turn around their finances, helped by success on the pitch.
Under former coach Simone Inzaghi Inter won their 20th league title, three Italian Cups and the same number of Super Cups, while also re-establishing themselves as a continental heavyweight with two Champions League final appearances.
This term Inter, now coached by Cristian Chivu, are three points behind Serie A's leading trio of AC Milan, Napoli and Roma.
Inter, like their crosstown rivals Milan, are awaiting the result of a council vote in Italy's economic capital for the sale to the clubs of the iconic San Siro stadium.
K.Thomson--BTB
