Inter, 2023 budget approved
Inter, 2023 budget approved
The General Meeting of Shareholders of Inter has approved the budget as of June 30, 2023. In detail, the financial year is characterized by a new and substantial reduction in losses compared to the year 2021/22, from €140 million to €85 million, down by €55 million.
Total revenues for the season stand at €425 million, showing an increase of about €60 million in revenues net of player trading driven by the all-time record match day receipts of €80 million. Production costs rose from 528 to 465.5 million euros. Actions taken in the soccer market in the summer of 2022 helped reduce the overall value of wages.
In calendar year 2023, the majority shareholder injected new shareholder financing of 51 million euros and repatriated 86 million euros to the company. The investments provided support for ambitions in sports and growth at the organizational and infrastructural level for Inter. Based on the results contained in the financial statements approved today by the Assembly, the company believes it has complied with the parameters set out in the Uefa Settlement Agreement, thus avoiding sanctions in relation to last season.
"Our ambition does not stop here, the road to travel together è still all ahead of us. What we have achieved in recent years è the starting point for the future of our Club". This was said by Inter president Steven Zhang in a statement to ANSA after today's shareholders meeting of the Nerazzurri club. "The continued support of the Majority Shareholder has helped to sustain the development and ambitions of the club,” he added. "Winning è always our priority. For our fans, and to forever enter the history of this Club, we will fight for the Second Star".
A”ndquo;Nerazzurri CEO Beppe Marotta also spoke to’ANSA: “Inter began this season with the knowledge of being vice European champions, the pride of having created a winning cycle, the goal of maintaining it. The goals for us do not change. We want to keep winning and chasing a wonderful dream to give to all of you and our amazing fans at the end of May. Thanks to President Steven Zhang and our Ownership; who once again guaranteed the maximum financial support needed".
