Italy's Inter Milan is poised to announce losses of €18m ($20.7m) for the 2018 financial year to 30 June, according to Italian news outlet ANSA. The outlet state that Inter are expected to announce a loss of 18 million euros, but its an improvement of about 24 million euros from last year in 2017 and The figure would be an improvement on a loss of €24m in 2017. The loss includes expenditure for the expansion of youth football and infrastructure, meaning the club will avoid UEFA's financial fair play penalties. Consolidated revenue should surpass €280m this year, a rise of around 6% on 2017. In addition to the losses, Inter has been hit by legal costs related to its transfer dealings with Real Madrid that have cost it more than €200m since 2013.
Italy's Inter Milan is poised to announce losses of €18m ($20.7m) for the 2018 financial year to 30 June, according to Italian news outlet ANSA. The figure would be an improvement on a loss of €24m in 2017. The loss includes expenditure for the expansion of youth football and infrastructure, meaning the club will avoid UEFA's financial fair play penalties. Consolidated revenue should surpass €280m this year, a rise of around 6% on 2017. In addition to the losses, Inter has been hit by legal costs related to its transfer dealings with Real Madrid that have cost it more than €200m since 2013.