First successes of new owners. Inter achieved significant growth in revenues and reduction of losses
Liam Carter
Dailysports's expert
The board of directors of Milan's Inter has approved the financial results for the 2023/24 year. This document will be presented to shareholders for approval at the end of October.
Details: According to the data in the published report, Inter increased its revenue by €48 million and reduced its losses by €50 million in the past financial year.
The club's total revenue amounted to €473 million, which is €48 million more compared to last year. Losses decreased by €50 million and now stand at €36 million, compared to the 2022/23 season.
The new owners of Inter, Oaktree Capital Management, increased the club's capital by €44 million through direct cash injections and an additional €3 million through the conversion of the final part of shareholder loans.
Reminder: Oaktree Capital Management became the new owner of the Italian champion in May.
By the way, Inter has lost its leader, Nicolò Barella, due to injury. Medical tests revealed a strain in the right quadriceps muscle, and the midfielder will miss the next few matches for the Nerazzurri.
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