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Inter

Tier 1Serie AMilano, Lombardia, ItalyOn the globe

Founded
9 March 1908
Ground
Stadio Giuseppe Meazza75,817 seats · opened 1926
Full name
Football Club Internazionale Milano
Website
inter.it
Reserve side
Inter U23

Who owns Inter

Inter is controlled by Oaktree Capital Management, which holds 99.6%.

Owned by investorsOwner based abroad: United States

From the pitch to the top

The company that fields the team, then each holder above it.

Fields the first teamF.C. Internazionale Milano S.p.A.S.p.A. (joint-stock company), Italy, Codice fiscale 04231750151
  • 99.6%controls
    Oaktree Capital ManagementInvestment firm, United StatesSince 22 May 2024, figure as of 23 May 2024Through Great Horizon S.à r.l. → Grand Sunshine → Grand Tower S.à r.l. (68.55%); LionRock Zuqiu Limited → International Sports Capital S.p.A. (31.05%)Medium confidenceSource: F.C. Internazionale Milano
    What the source says
    Per effetto di quanto sopra, Oaktree ha acquisito complessivamente il controllo indiretto del 99,6% del capitale di Inter.

Changes of control

  1. 22 May 2024

    Oaktree Capital Management took control (99.6%) from Suning Holdings Group.

    Enforcement of the pledge securing Oaktree's 2021 loan to Suning, not a sale at a price.

    High confidenceSource: F.C. Internazionale Milano

    What the source says
    dell’avvenuta escussione del pegno sulle azioni di Great Horizon S. à r.l.

Inter’s finances

From its published accounts and league records. Figures compare only with clubs at the tier it played that season.

Revenue€518.0m2025-26
Staff costs€253.2m2024-25
Net result€22.7m2025-26
Equity
€10.4m
accounts, 2025-26
Public money
€2.54m
awarded, 2023, 1 records

The accounts

F.C. Internazionale Milano S.p.A., the entity that fields the team · 2021-22 to 2025-26

2025-26Tier 1 · from filed accounts2024-25Tier 1 · audited2023-24Tier 1 · audited2022-23Tier 1 · audited2021-22Tier 1 · audited
Profit and loss
Value of production€518.0m1€567.0m2€473.2m2€425.5m3€439.6m4
TV money—€264.4m5€176.4m5€196.5m6€84.2m7
League and federation distributions—€16.4m8€18.2m9€17.4m10€16.6m11
UEFA money————€62.3m12
Matchday—€98.8m13€70.8m14€79.0m15€37.7m16
Sponsorship—€88.2m17€79.9m17€54.4m18€43.5m19
Commercial—€44.1m20€24.0m20€13.2m21€6.47m22
Other revenue—€21.5m23€21.1m23€18.1m24€23.0m25
Player sales—€14.4m26€65.8m26€28.9m27€105.2m28
Staff costs—€253.2m29€227.4m30€226.9m31€248.4m32
Wage bill—€231.7m33€207.7m33€206.0m34€217.8m35
Players' wages—€218.6m36€195.6m36€197.0m37€219.5m38
Player amortisation—€60.7m39€75.5m39€89.9m40€101.1m41
Other depreciation—€2.20m42€2.06m42€1.83m43€1.84m44
Total spending—€482.0m45€464.3m45€465.5m46€527.9m47
Operating result—€85.0m€8.88m−€40.0m48−€88.3m49
Financial result—−€35.9m−€36.1m−€39.0m50−€48.9m51
Result before tax—€49.9m−€26.6m−€77.2m52−€136.6m53
Income tax—€14.5m54€9.19m55€8.14m56€3.45m57
Net result€22.7m€35.4m−€35.7m−€85.4m58−€140.1m59
Balance sheet
Total assets—€746.9m€739.7m€702.9m60€871.1m61
Non-current assets—€479.4m€486.9m€485.5m62€616.5m63
Player registrations (book value)—€164.5m€154.2m€137.9m64€224.5m65
Property and equipment—€36.3m€32.0m€28.9m66€28.1m67
Current assets—€260.6m€242.4m€203.0m68€232.5m69
Transfer fees receivable—€95.1m70€91.2m71€72.1m72€48.6m73
Cash—€118.2m€115.1m€100.5m74€139.2m75
Equity€10.4m76−€12.3m−€99.7m−€162.0m77−€86.6m78
Share capital—€19.2m€19.2m€19.2m79€19.2m80
Liabilities—€759.2m81€839.5m82€864.8m83€957.7m84
Provisions—€27.5m85€19.5m85€16.3m86€23.0m87
Financial debt—€366.5m88€407.2m89€409.4m90€408.0m91
Tax and social security debt—€55.3m92€58.9m93€68.7m94€93.7m95
Transfer fees payable—€99.5m96€132.2m97€97.5m98€145.6m99
Shareholder loans—€31.4m100€34.3m101€128.5m102€81.2m103
Cash flow
Cash from operations—€102.7m104€46.0m104−€29.2m105−€33.9m106
Cash from investing—−€103.3m−€27.8m−€60.4m107€71.5m108
Cash from financing—€3.68m−€3.62m€51.0m109€3.75m110
Net change in cash—€3.07m€14.6m−€38.7m111€41.3m112
Money from owners
Owner contributions—€52.0m113€98.0m114€10.0m115—
Transfers and people
Employees—556116507116492117498118
Notes on 118 figures, in the accounts’ own words
  1. Value of production: the statement calls it 'revenues'; its comparison figure for 2024-25 (€567 million) is that year's consolidated valore della produzione (€567,012,038), which includes player-trading gains
  2. Value of production: valore della produzione: includes player-trading gains, temporary-transfer fees and other income
  3. Value of production: Inter consolidated statements 2022-23: valore della produzione: includes player-trading gains, temporary-transfer fees and other income
  4. Value of production: Inter consolidated statements 2021-22: valore della produzione: includes player-trading gains, temporary-transfer fees and other income
  5. TV money: proventi da cessione diritti audiovisivi, including UEFA competitions (not split)
  6. TV money: Inter consolidated statements 2022-23: proventi da cessione diritti audiovisivi, including UEFA competitions (not split)
  7. TV money: Inter consolidated statements 2021-22: proventi televisivi, excluding UEFA competition media income
  8. League and federation distributions: contributi in conto esercizio: mainly Lega Serie A distributions of collective revenue other than media rights, including Coppa Italia and Supercoppa prizes (notes)
  9. League and federation distributions: contributi in conto esercizio
  10. League and federation distributions: Inter consolidated statements 2022-23: contributi in conto esercizio
  11. League and federation distributions: Inter consolidated statements 2021-22: contributi in conto esercizio
  12. UEFA money: Inter consolidated statements 2021-22: proventi televisivi da partecipazione a competizioni UEFA
  13. Matchday: summed: match receipts €67,296,366 + season tickets €31,541,347
  14. Matchday: summed: match receipts €45,634,720 + season tickets €25,201,115
  15. Matchday: Inter consolidated statements 2022-23: summed: match receipts €56,829,148 + season tickets €22,139,373
  16. Matchday: Inter consolidated statements 2021-22: summed: first-team match receipts €34,485,624 + share of away receipts €1,600,390 + season tickets €1,569,645
  17. Sponsorship: proventi da sponsorizzazioni
  18. Sponsorship: Inter consolidated statements 2022-23: proventi da sponsorizzazioni
  19. Sponsorship: Inter consolidated statements 2021-22: proventi da sponsorizzazioni as a separate line; regional, EU and global sponsorship contracts are booked under 'altri diversi' within ricavi delle vendite, which is not recorded
  20. Commercial: proventi commerciali e royalties
  21. Commercial: Inter consolidated statements 2022-23: proventi commerciali e royalties
  22. Commercial: Inter consolidated statements 2021-22: proventi commerciali e royalties
  23. Other revenue: ricavi e proventi diversi
  24. Other revenue: Inter consolidated statements 2022-23: ricavi e proventi diversi
  25. Other revenue: Inter consolidated statements 2021-22: ricavi e proventi diversi
  26. Player sales: plusvalenze da cessione diritti pluriennali (gains on disposal of players' registrations); temporary-transfer fees and other player-trading income are separate lines
  27. Player sales: Inter consolidated statements 2022-23: plusvalenze da cessione diritti pluriennali (gains on disposal of players' registrations); temporary-transfer fees and other player-trading income are separate lines
  28. Player sales: Inter consolidated statements 2021-22: plusvalenze da cessione diritti pluriennali (gains on disposal of players' registrations); temporary-transfer fees and other player-trading income are separate lines
  29. Staff costs: totale costi del personale, notes (€ thousands; the income-statement lines sum to €253,220,932)
  30. Staff costs: totale costi del personale, notes (€ thousands)
  31. Staff costs: Inter consolidated notes 2022-23: totale costi del personale (€ thousands)
  32. Staff costs: Inter consolidated notes 2021-22: totale costi del personale (€ thousands)
  33. Wage bill: salari e stipendi
  34. Wage bill: Inter consolidated statements 2022-23: salari e stipendi
  35. Wage bill: Inter consolidated statements 2021-22: salari e stipendi
  36. Players' wages: registered personnel (tesserati) total cost from the notes (€ thousands): salaries, social charges, leaving indemnity and other costs
  37. Players' wages: Inter consolidated notes 2022-23: registered personnel (tesserati) total cost from the notes (€ thousands): salaries, social charges, leaving indemnity and other costs
  38. Players' wages: Inter consolidated notes 2021-22: registered personnel (tesserati) total cost from the notes (€ thousands): salaries, social charges, leaving indemnity and other costs
  39. Player amortisation: amortisation of players' registrations, from the notes (€ thousands); write-downs excluded
  40. Player amortisation: Inter consolidated notes 2022-23: amortisation of players' registrations, from the notes (€ thousands); write-downs excluded
  41. Player amortisation: Inter consolidated notes 2021-22: amortisation of players' registrations, from the notes (€ thousands); write-downs excluded
  42. Other depreciation: depreciation of tangible fixed assets only
  43. Other depreciation: Inter consolidated statements 2022-23: depreciation of tangible fixed assets only
  44. Other depreciation: Inter consolidated statements 2021-22: depreciation of tangible fixed assets only
  45. Total spending: totale costi della produzione (B), including amortisation, write-downs and provisions
  46. Total spending: Inter consolidated statements 2022-23: totale costi della produzione (B), including amortisation, write-downs and provisions
  47. Total spending: Inter consolidated statements 2021-22: totale costi della produzione (B), including amortisation, write-downs and provisions
  48. Operating result: Inter consolidated statements 2022-23
  49. Operating result: Inter consolidated statements 2021-22
  50. Financial result: Inter consolidated statements 2022-23
  51. Financial result: Inter consolidated statements 2021-22
  52. Result before tax: Inter consolidated statements 2022-23
  53. Result before tax: Inter consolidated statements 2021-22
  54. Income tax: summed: current taxes €15,335,692 less prior-year taxes €416,423, deferred-tax income €413,833 and prepaid-tax income €14,334
  55. Income tax: summed: current taxes €9,916,453 less prior-year taxes €308,483 and deferred-tax income €413,833
  56. Income tax: Inter consolidated statements 2022-23: summed: current taxes €8,745,150 less prior-year taxes €187,014 and deferred-tax income €413,833
  57. Income tax: Inter consolidated statements 2021-22: summed: current taxes €3,746,940 + prepaid-tax charge €120,553 less deferred-tax income €413,833
  58. Net result: Inter consolidated statements 2022-23
  59. Net result: Inter consolidated statements 2021-22
  60. Total assets: Inter consolidated statements 2022-23
  61. Total assets: Inter consolidated statements 2021-22
  62. Non-current assets: Inter consolidated statements 2022-23
  63. Non-current assets: Inter consolidated statements 2021-22
  64. Player registrations (book value): Inter consolidated statements 2022-23
  65. Player registrations (book value): Inter consolidated statements 2021-22
  66. Property and equipment: Inter consolidated statements 2022-23
  67. Property and equipment: Inter consolidated statements 2021-22
  68. Current assets: Inter consolidated statements 2022-23
  69. Current assets: Inter consolidated statements 2021-22
  70. Transfer fees receivable: summed: crediti verso enti settore-specifico, within 12 months €62,041,586 + beyond €33,029,263
  71. Transfer fees receivable: summed: item C.II.6 (labelled 'verso altri'), within 12 months €41,053,159 + beyond €50,102,531
  72. Transfer fees receivable: Inter consolidated statements 2022-23: summed: crediti verso enti settore-specifico, within 12 months €55,205,656 + beyond €16,885,732
  73. Transfer fees receivable: Inter consolidated statements 2021-22: summed: crediti verso enti settore specifico, within 12 months €38,627,140 + beyond €9,939,065
  74. Cash: Inter consolidated statements 2022-23
  75. Cash: Inter consolidated statements 2021-22
  76. Equity: the group's shareholders' equity
  77. Equity: Inter consolidated statements 2022-23
  78. Equity: Inter consolidated statements 2021-22
  79. Share capital: Inter consolidated statements 2022-23
  80. Share capital: Inter consolidated statements 2021-22
  81. Liabilities: summed: provisions €27,463,443 + TFR €711,953 + debts €660,026,473 + accruals and deferred income €70,974,604
  82. Liabilities: summed: provisions €19,500,531 + TFR €870,718 + debts €734,821,567 + accruals and deferred income €84,261,045
  83. Liabilities: Inter consolidated statements 2022-23: summed: provisions €16,318,379 + TFR €986,585 + debts €807,377,862 + accruals and deferred income €40,165,365
  84. Liabilities: Inter consolidated statements 2021-22: summed: provisions €22,973,015 + TFR €884,011 + debts €881,150,062 + accruals and deferred income €52,662,920
  85. Provisions: fondi per rischi e oneri, excluding TFR
  86. Provisions: Inter consolidated statements 2022-23: fondi per rischi e oneri, excluding TFR
  87. Provisions: Inter consolidated statements 2021-22: fondi per rischi e oneri, excluding TFR
  88. Financial debt: summed: bonds €346,421,774 + bank debt €20,107,029
  89. Financial debt: summed: bonds €392,207,281 + bank debt €1,163 + other lenders €15,000,000
  90. Financial debt: Inter consolidated statements 2022-23: summed: bonds €409,312,466 + bank debt €47,715
  91. Financial debt: Inter consolidated statements 2021-22: summed: bonds €407,944,623 + bank debt €51,897
  92. Tax and social security debt: summed: tax payables €53,697,359 + social-security payables €1,572,421
  93. Tax and social security debt: summed: tax payables €56,370,313 + social-security payables €2,519,617
  94. Tax and social security debt: Inter consolidated statements 2022-23: summed: tax payables €66,860,040 + social-security payables €1,849,523
  95. Tax and social security debt: Inter consolidated statements 2021-22: summed: tax payables €84,189,106 + social-security payables €9,508,575
  96. Transfer fees payable: summed: debiti verso enti settore-specifico, within 12 months €53,701,193 + beyond €45,832,276
  97. Transfer fees payable: summed: debiti verso enti settore specifico, within 12 months €88,488,169 + beyond €43,688,125
  98. Transfer fees payable: Inter consolidated statements 2022-23: summed: debiti verso enti settore-specifico, within 12 months €50,471,094 + beyond €47,058,410
  99. Transfer fees payable: Inter consolidated statements 2021-22: summed: debiti verso enti settore specifico, within 12 months €60,150,774 + beyond €85,478,355
  100. Shareholder loans: debiti verso soci per finanziamenti
  101. Shareholder loans: summed: debiti verso soci per finanziamenti, within 12 months €31,294,792 + beyond €3,000,000
  102. Shareholder loans: Inter consolidated statements 2022-23: summed: debiti verso soci per finanziamenti, within 12 months €27,505,477 + beyond €101,000,000
  103. Shareholder loans: Inter consolidated statements 2021-22: summed: debiti verso soci per finanziamenti, within 12 months €21,235,696 + beyond €60,000,000
  104. Cash from operations: cash-flow statement (UEFA licensing format)
  105. Cash from operations: Inter cash-flow statement 2022-23: cash-flow statement (UEFA licensing format)
  106. Cash from operations: Inter cash-flow statement 2021-22: cash-flow statement (UEFA licensing format)
  107. Cash from investing: Inter cash-flow statement 2022-23
  108. Cash from investing: Inter cash-flow statement 2021-22
  109. Cash from financing: Inter cash-flow statement 2022-23
  110. Cash from financing: Inter cash-flow statement 2021-22
  111. Net change in cash: Inter cash-flow statement 2022-23
  112. Net change in cash: Inter cash-flow statement 2021-22
  113. Owner contributions: summed: cash contributions towards a future capital increase €49,000,000 + shareholder loan waived into the same reserve €3,000,000 (cash-flow statement)
  114. Owner contributions: shareholder loans waived into the reserve for a future capital increase (non-cash transaction, cash-flow statement)
  115. Owner contributions: Inter cash-flow statement 2022-23: shareholder loan waived into the reserve for a future capital increase (non-cash transaction)
  116. Employees: average workforce (giocatori, allenatori, technical staff, managers, white- and blue-collar staff), from the notes
  117. Employees: Inter consolidated notes 2022-23: average workforce (giocatori, allenatori, technical staff, managers, white- and blue-collar staff), from the notes
  118. Employees: Inter consolidated notes 2021-22: average workforce (giocatori, allenatori, technical staff, managers, white- and blue-collar staff), from the notes

2025-26: Source: F.C. Internazionale Milano S.p.A.2024-25: Source: F.C. Internazionale Milano S.p.A.2023-24: Source: F.C. Internazionale Milano S.p.A.2022-23: Sources: F.C. Internazionale Milano S.p.A., F.C. Internazionale Milano S.p.A., F.C. Internazionale Milano S.p.A.2021-22: Sources: F.C. Internazionale Milano S.p.A., F.C. Internazionale Milano S.p.A., F.C. Internazionale Milano S.p.A.

League figures, wage bills, budgets and public money 1 records
Public money, season or yearTotalRecords
2023€2.54mawarded1

Where Inter has played

1Oaktree Capital Management16-1718-1920-2122-2324-2526-27
Season by season
  1. 2026-271Serie A
  2. 2025-261Serie A, champions
  3. 2024-251Serie A
  4. 2023-241Serie A, champions
  5. 2022-231Serie A
  6. 2021-221Serie A
  7. 2020-211Serie A, champions
  8. 2019-201Serie A
  9. 2018-191Serie A
  10. 2017-181Serie A
  11. 2016-171Serie A

Not yet established

What we looked for and could not find in public sources. If you know, send a correction with a source.

  • The terms of a dealNo price, capital, debt, ask or offer figure found for it-inter-2024-oaktree-capital-management: not in its own sources, nor in the TuttoC price-slug scan or Calcio e Finanza's deal articles.
Sources8

Also on Wikidata (Q631).

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