Covid pandemic has had a heavy impact on the accounts

(ANSA) – MILAN, SEPTEMBER 30 – The pandemic linked to Covid has had a heavy impact on the accounts of the Nerazzurri club. The loss in fact “mainly contributed to the zeroing of the revenues from the competition deriving from the closure of the stadiums (given that it is compared with 2020 when the closures had begun in the first days of March), the contractual reductions of the sponsors due to the impossibility of providing benefits from the Company and the liquidation of sports relationships “, the club continues in the note. Overall, the impact of Covid was equal to 110 million on the 245.6 million loss in the balance sheet as at 30 June 2021, while the sports part had a further impact of approximately 30 million between the severance pay to Conte and the write-downs of Nainggolan and Joao Mario. However, the Nerazzurri club has already embarked on “a rebalancing policy, with two primary objectives to pursue: achieving financial stability and maintaining the team’s competitiveness”, explains Inter. Starting with the disposals of Lukaku and Hakimi, which “will generate a positive economic impact on the path to sustainability”, with a strategy that is “focused on cost monitoring”. The new jersey sponsorship agreements (Socios.com, DigitalBits and Lenovo) signed by the Nerazzurri Chief Marketing Officer Luca Danovaro, which will bring about 35 million in revenues, will also contribute to reducing losses. “These actions will make it possible to significantly reduce the Group’s losses for the 2021-2022 season”, concludes Inter. (HANDLE).

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