Inter has revealed a ‘possible number of new sponsorships in the pipeline’ after announcing a €31.5 m drop in sales since March 2019.
The Inter Media and Communication report, released by Calcio e Finanza, showed a 34 per cent drop in sales.
The club had revenues of €91,072 m in March 2019, down this spring to €59,587 m. The resolution with two Asian sponsors, Fulshare and King Dawn, caused the big drop leading to lower revenues of €15 m.
The contract with marketing agency Beijing Yixinshije added a €18.7m decrease, while a final €5.3 decrease in revenue from a failure to recognize contractual performance bonuses prior to renegotiation and extension’ of Suning’s naming rights and sponsorship agreement.
However, the Nerazzurri clarified that they are working on new deals.
“To date, we have a number of possible new sponsorship contracts in the pipeline, which, if finalised, will start from the beginning of the new fiscal year,” the club announced, according to Calciomercato.com.