MILAN: Inter Milan reported smaller losses and an increase in revenue for 2021-22 compared to the previous financial year.
At a board of directors meeting on Wednesday, the club presented figures that showed it ended the financial year with a loss of 140 million euros (USD 135 million) — a reduction of just over 105 million euros (USD 101 million) compared to the record 245.6 million euro (USD 236 million) loss it reported last year.
The club also highlighted that its revenues had increased by 75 million euros (USD 72 million) to 439.6 million euros (USD 423 million).
Inter labelled the results as “positive” after another season that “was largely affected by the social and economic consequences of the pandemic.”
In further positive news for Inter, reports in Italy say that Nerazzurri president Steven Zhang is set to inject 100 million euros (USD 96 million) into the club. Inter added that: “The majority shareholder has already formally expressed his commitment to backing the group by ensuring asset support.”
Inter finished second in Serie A last season, relinquishing its title to city rival AC Milan.
It is currently seventh in the standings, having lost three of seven matches.