Inter release 2018-19 financial results which see turnover growth to €417m

Inter have released their financial results for the 2018-19 campaign, which saw them make record revenues.

Turnover grew by 20 percent in relation to last season, to €417m, and has doubled since Chinese owners Suning Group took over in June 2016.

The increase in revenue can be atrributed to a 9% rise in commercial sponsorship, up to €138m, and the club's gate receipts.

They averaged over 61,000 fans last season - a record for the Nerazzurri, the best in Italy and the fifth most in Europe.

“The Club’s consolidated financial statements for the 2018-19 season are extremely positive with the highest revenues in this club’s history,” explained CEO Alessandro Antonello.

“This ensures the club can continue its plans to invest in strengthening the team, in infrastructure and in all the other strategic assets in order to keep growing.

“One of these projects is for the new San Siro, a project that is both innovative and advanced – values that are part of this club’s and this city’s DNA.”

Inter also announced that they had EBITDA (earnings before interest, tax, deprecation and amortisation) had surpassed €100m for the first time, reaching €105.2m.

On the other hand, they reported losses of €48.8m, which they put down to investing in the squad during the last transfer window.