Inter Milan have scheduled its shareholders’ meeting for Monday, October 28, 2024. The meeting, to be held via videoconference, will approve the financial statements for the year ending June 30, 2024. Calciomercato report how this marks the first financial report under the guidance of investment fund Oaktree, which took over from Steven Zhang in May 2024.
The club’s Board of Directors has already approved the draft budget, revealing a loss of €36 million for the 2023/2024 season. This represents a significant improvement from the €85 million loss in 2022/2023 and €140 million in 2021/2022. The positive trend was driven by a €48 million increase in turnover, bringing total revenues to €473 million, while costs remained stable at €464.5 million.
Following the end of the season, Oaktree demonstrated its commitment to the club’s financial stability with a €47 million recapitalization. Of this amount, €44 million was directly injected into the club’s coffers, while €3 million came from converting the last remaining portion of shareholder loans. These operations aim to strengthen the club’s net worth and ensure long-term sustainability both on and off the field.
The increase in revenue is also attributed to winning the 20th Scudetto and new commercial partnerships, such as those with Betsson Sport and Gate.io, which have further enhanced the value of the Nerazzurri jersey.
Regarding the summer transfer market, which saw the arrivals of Mehdi Taremi, Piotr Zielinski, Tomas Palacios, and Josep Martinez, it was conducted with “substantial balance,” confirming Inter’s strategy of combining economic sustainability with sporting success.
