New owners Oaktree increased the club’s capital by 47 million euros
Inter managed to achieve revenue growth of 48 million euros and a reduction in losses of 50 million in the last financial year.
The board of directors approved the club’s draft financial statements for the 2023/24 season. The document will then be submitted for approval to the club’s shareholders’ meeting, which will take place at the end of October.
The Nerazzurri’s total revenue was €473 million (€48 million up on the previous reporting period). The club’s losses have decreased by around €50 million compared to the 2022/23 season and now stand at €36 million.
Inter’s new owners, Oaktree Capital Management, have completed a €47 million recapitalisation transaction. The club’s capital reserves have been increased by €44 million through direct investment and a further €3 million through the conversion of the last tranche of shareholder loans.
The club assesses the summer 2024 transfer campaign as balanced, expecting a stable financial and tournament situation in the future. The Nerazzurri also signed a number of new partnership agreements.
Oaktree Capital Management became the new owner of Inter in May. The US investment fund announced its ownership after the previous owners, Chinese conglomerate Suning Group, missed a €395 million loan payment.
Inter are sixth in Serie A with eight points. The Nerazzurri will play Udinese in their next round on September 28.
Source: Sportarena
I’m Todderic Kirkman, a journalist and author for athletistic. I specialize in covering all news related to sports, ranging from basketball to football and everything in between. With over 10 years of experience in the industry, I have become an invaluable asset to my team. My ambition is to bring the most up-to-date information on sports topics around the world.
