Inter losses a 15-year low

By Football Italia staff

Inter recorded their lowest losses for 15 years in 2017-18 and increased turnover, despite not participating in Europe.

Calcio e Finanza reports Inter turned over €349.6m in the financial year that ended on June 30, 2018 – up 9 percent from the previous year and over €25m more than what they earned in their year of the Treble.

Losses would have dropped to €17.7m, which is the Nerazzurri’s lowest since 02-03, while revenues from home games rose by 37% and 17% more season tickets were sold.

The website notes revenues from TV deals and Nike dropped due to the Beneamata’s lack of European football last season, but they collected almost double from Pirelli through qualifying for the 18-19 Champions League, as well as €16.8m more from Asian sponsors.

It comes on the same day that Suning Group heir Steven Zhang [pictured, left] was named Inters new President.

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