Source:
REUTERS/Daniele Mascolo
[Saba
Sports News] Inter recently conducted a board meeting to approve its financial
report for the first half of the 2023-24 fiscal year, covering the period from
July 1, 2023, to December 31, 2023. The club revealed a consolidated net profit
of 22.3 million euros for this period, indicating a significant improvement
compared to the loss of 63.5 million euros in the previous fiscal year. The
positive result can be attributed to a revenue increase of 34.6% (91.8 million
euros), reaching 265.4 million euros. Inter managed to maintain stable
operating costs during this period. The club experienced a boost in revenue
from the transfer market, generating an additional 41.7 million euros.
Furthermore, there was an increase of 29.4 million euros in audiovisual rights
and match day revenue. Inter’s revenue growth was supported by contract
renewals with technical sponsor Nike and jersey sponsor Paramount+, as well as
increased income from the club’s retail and licensing departments.
Additionally, it was approved during the meeting to convert 22 million euros of
shareholder loans into shareholder equity, adding to the previous conversion of
76 million euros in September 2023. The major shareholders have contributed a
total of 98 million euros in funds this season.