Inter Milan announces heavy losses due to Corona ... "The indicator is red"
The Italian club Inter announced on Friday that it recorded a loss of 102.4 million euros in the fiscal year 2019-2020, due to the general closure measures due to the outbreak of the new Corona virus.
According to a statement issued by Inter, who joined the main Italian clubs, all of which are in the red indicator, the club achieved a turnover of 372.4 million euros, down 45 million euros from the previous year.
The statement indicated that the number of businesses has been affected since March 2020, the beginning of the general closure in Italy, as a result of the measures taken around the world to limit the spread of "Covid-19".
Inter said, "These measures imposed the holding of matches behind closed doors, which led to the loss of resources obtained from this field, as well as the return of a share of the contributions."
"In the scenario of a major economic downturn, (...) our commitment to the future remains to ensure the company's sustainable development and the growth of sports performance," the statement quoted the president of the Chinese club, Stephen Zhang.
The consequences of the pandemic have had an impact on all Italian clubs, despite the wage cuts negotiated with the players.
Milan and Rome have witnessed a significant decline, with a loss of 195 million euros for the Lombard club and more than 200 million euros for the capital's team, while Juventus, the defending champions, recorded losses of 89.7 million euros.
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