The goal has been reached. Inter have closed the budget for 2015/16 posting a loss of €59.6 million; a figure from which the costs of building the new infrastructure for the club’s youth sector must be excluded. The nerazzurri, despite these losses, have complied with the financial fair-play sanctions imposed upon them; an operating deficit of €23.9 million, coming into line with UEFA’s €30 million restriction. Transfer market costs have risen from €170.9 million for the previous 12 months, to €186.8 million for 2015-16 and salaries from €116.4 million to €124.2 million. Under the previous regime, the club’s debts spiralled to €140.4 million.  

Gross debt however, amounts to €489 million and the new owners, The Suning Group, are already in talks with cedit institutions for a new loan of €300 to re-finance immediately with the €217 million pumped into the club by Goldman Sachs. President Erick Thohir was repaid his €131.6 million plus interest of between 8 and 9.5% which reports suggest would have to have remained in the coffers of the club. As Gazzetta dello Sport claims this morning, unlike the Indonesian, the new Chinese owners have already invested a lot of money and strengthened the capital.


Steve Mitchell @barafundler