Inter, balance sheet in the red: loss of 245.6 million

by time news

Inter closed its financial statements at 30 June 2021 with a loss of 245.6 million euros and revenues of 364.7 million “in an extraordinary context characterized by the effects of the Covid-19 pandemic”. The Board of Directors has approved the financial statements that will be submitted to the Shareholders’ Meeting, to be convened by the end of October.

“The 2020/2021 financial year was significantly impacted, for its entire duration, by the consequences on the socio-economic context, in our country and globally, of the Covid-19 pandemic and the measures necessary to secure public health and production activities. In this context, consolidated revenues amounted to € 364.7 million. The year recorded a loss of € 245.6 million, to which the elimination of the proceeds from the tender deriving mainly from from the closure of the stadiums (given that it is compared with 2020 when the closures had begun in the first days of March), the contractual reductions of the sponsors due to the impossibility of providing benefits by the Company and the liquidation of sports relationships “, communicates the company.

The prospects for the current season are much better. “The Club promptly embarked on a rebalancing policy, with two primary objectives to pursue: the achievement of financial stability and the maintenance of the team’s competitiveness – reads the Inter website -. The operations of the summer market will generate a positive economic impact in the path towards sustainability. The arrival of players with international experience and the return of talents from the nursery has the aim of maintaining high sports performance. The Company’s strategy is focused on monitoring costs, with the aim of promptly adapting the business to the changing reference context, continuing to invest adequate resources in the evolution and growth path of the Club “.

“An important result has already been achieved with the significant increase in the value of sponsorships. The entry of Socios.com and DigitalBits and the upgrade of Lenovo’s positioning attest to the continued growth of the Club’s appeal globally. to return to full capacity as soon as possible, the reopening of the stadiums will ensure that the Club will once again have access to an essential source of revenues. These actions will significantly reduce the Group’s losses for the 2021-2022 season “, concludes the note from the Nerazzurri club.

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