October 29 – Inter Milan shareholders have approved the club’s financial results for the 2023/24 season, showing significantly reduced losses of €50 million, down from €85 million the previous year to €36 million.
The club’s turnover reached a record €473 million—an increase of €48 million—driven by strong on-field results and growth in commercial revenues. Production costs held steady at €464.5 million, contributing to a €9 million improvement in production value compared to last season’s €40 million loss.
In May 2024, funds managed by Oaktree Capital Management took a majority stake in the club. In the first quarter of the 2024/25 financial year, Oaktree strengthened its investment with a €47 million recapitalisation, including €44 million in direct cash injections and an additional €3 million through the conversion of shareholder loans.
“The financial results that have been approved today refer to a legendary season that saw Inter earn the second star, a milestone moment in the club’s accomplishments as part of a winning cycle that we intend to continue,” president Giuseppe Marotta commented.
“This success would not have been possible without the support of Oaktree, which helped the club overcome the difficult moments of 2021 and will allow us to accelerate the recovery process to ensure competitiveness on the field along with the necessary financial and operational sustainability. Our goal for this season is to continue challenging at the highest level in every competition both domestically and internationally – in Europe and in the new Club World Cup. Oaktree’s arrival has given fresh impetus to the club’s investment in infrastructure , and Inter’s new stadium plans in particular, and we are confident the process is heading in the right direction.”
“The 2023/24 financial year saw the club achieve record revenues of over €470 million, driven by excellent results on the field, while reducing losses by approximately €50 million,” said corporate CEO Alessandro Antonello during his report to shareholders.
“Our celebrations for the second star filled some of Milan’s most iconic locations with the Nerazzurri colours, and thanks to our club’s digital channels those memorable images reached millions of fans around the globe. The club’s future is set out and must continue along the lines of innovation, digitalisation and internationalisation, while ensuring financial stability and continued growth. In that sense, of all the ambitious plans we have for the coming years, one of the key assets is a club-owned stadium, which we are pursuing with determination.”
Contact the writer of this story, Harry Ewing, at moc.l1734971555labto1734971555ofdlr1734971555owedi1734971555sni@g1734971555niwe.1734971555yrrah1734971555