Inter, draft budget approved
Inter, the budget
The Board of Directors of F.C. Internazionale Milano S.p.A. has approved the draft budget for the fiscal year 2023/24, at the end of the meeting held yesterday at the club’s headquarters. The budget will be submitted for approval by the Shareholders’ Meeting of F.C. Internazionale Milano S.p.A., which will be convened for the end of October.
There is a further strong reduction in losses compared to fiscal year 2022/23, from 85 to 36 million euros, a decrease of approximately 50 million euros. This result è generated on the one hand by an increase in revenues of about 48 million euros to a total value of 473 million euros, due to the results of the sports area, which led to an increase in commercial revenues. At the same time, production costs remain almost stable compared to the previous year, totaling 464.5 million euros. A direct consequence of these trends è a net increase in the value of production of 9 million euros, compared to a loss of 40 million euros last year.
Since May 22, 2024, funds managed by Oaktree Capital Management, L.P. (“Oaktree”) have owned FC Internazionale Milano as the new majority shareholder. During the first quarter of FY24/25, the Majority Shareholder carried out a major recapitalization operation totaling 47 million euros. The equity reserves available to the company thus increased by 44 million through direct cash injections and by 3 million through the conversion of the last remaining share of shareholder loans. The investments by the Majority Shareholder demonstrate the club’s commitment to achieving financial and operational stability, supporting the highest level of performance on and off the field.
The summer market in preparation for the new season è was conducted in substantial balance, bringing excellent additions to the team while pursuing the goal of combining financial sustainability and sporting success. In addition, since’the beginning of the 2024/25 season, important new partnerships have been signed, further enhancing the Nerazzurri jersey and confirming the international appeal of the Inter brand. Betsson Sport, a global infotainment giant, è now featured on the front of the Nerazzurri jersey with the largest agreement of its kind in the club’s history, and Gate.io, one of the world’s leading cryptocurrency exchanges, on the sleeve.
