FC Inter Milan: record revenues of €473m (+11%) & a net loss of €36m in 2023-24

FC Inter Milan's (Serie A Enilive) shareholders' meeting approved the Italian club's financial results for the 2023-24 fiscal year (from 01/07/2023 to 30/06/2024), with record revenus of €473m, up 11% compared to 2022-23 (€425m), announced the club on 28/10/2024.

Were also approved a net loss of €36m, lower than the deficit recorded a year (-€85m) and two years (-€140m) earlier; stable operating costs, at €464.5m.

Inter's shareholders approved the accounts for the 2023-24 financial year five months after the American investment fund Oaktree Capital Management, L.P. became the owner (99.6% of the capital) of the club following the non-repayment of the loan granted by the latter to the club's majority shareholder, the Chinese group Suning, on 22/05/2024.

"In the first quarter of the 2024-25 financial year, the majority shareholder completed a recapitalisation operation totalling €47m. The club's equity reserves have been increased by €44m through direct cash injections, with a further €3m from the conversion of the final portion of shareholder loans. In addition, since the start of the…