SportsTalk March 26 News On Tuesday, Inter Milan held a board meeting to approve the financial report for the half-year period from July 1, 2023 to December 31, 2023. Inter Milan’s consolidated net profit in the first half of the 2023-24 fiscal year was 22.3 million euros, an increase of 85.8 million euros compared with the loss of 63.5 million euros in the previous fiscal year.
This result was driven by revenue of 265.4 million euros, an increase of 34.6% (91.8 million euros) compared with the same period last year, At the same time, Inter Milan’s operating costs have remained basically stable. In the 2023 summer transfer window, Inter Milan’s revenue in the transfer market increased by 41.7 million euros. In addition, audiovisual rights and match day revenue increased by 29.4 million euros. The renewal of contracts between Inter Milan and technical sponsor Nike and jersey sponsor Paramount+, and the increase in revenue from the club’s retail and licensing departments have also brought about certain revenue growth.
In addition to the conversion of a 76 million euro shareholder loan into shareholder equity in September 2023, this Tuesday also approved the conversion from March 31 An additional 22 million euros in shareholder loans will be converted into shareholders’ equity with effect from today. This season, the total amount of funds supported by major shareholders has reached 98 million euros.
