Inter Milan: €318.2m in turnover in 2016-17 (+32.7%), operating loss of €24.6m

"The FC Internazionale Milano S.p.A. Shareholders’ Meeting has today approved the 2016-17 financial statements (from 01/07/2016 to 30/06/2017), underlining the club's significant growth," announced Inter Milan on 27/10/2017.

"The consolidated financial statement shows revenue of €318.2m, an increase of €78.4m or 32.7% on the previous financial year, generating an EBITDA of €67.5m and a further reduction in operating losses, which fell to €24.6m, a €36.7m improvement on last year. For the club the operating losses satisfy the Financial Fair Play regulations for the 2016/17 tax year (pending formal approval from UEFA)," added the Milan club.

"Thanks to the hard work of everyone at the club and commercial growth we have ensured these positive figures for 2016-17. The underlying trend is one of growth and sustainability as we concentrate on returning Inter to highest level of European football. All of our actions so far are part of our plan to make the team more competitive and turn our club into a model for sporting success," said Alessandro Antonello, CEO of Inter.

• Inter finished in…