Ansa - Inter board of directors meeting delayed? Financial statement for 2017-2018 is - €18M

Ansa - Inter board of directors meeting delayed? Financial statement for 2017-2018 is - €18M

Inter board of directors meeting is initially scheduled for tomorrow but according to Ansa, there is the risk of it being delayed for the approval of financial statements up until June 30, 2018. The Nerazzurri are looking for a new date to allow members of board directors from China and Indonesia to meet with their colleagues in Italy and the risk is that it can be postponed for a few weeks.

On the agenda is the approval of Inter financial account as of June 30, 2018 which will close in the red zone (loss) of around €18M. Keep in mind that Inter lost €24M for the financial year ending in June 30, 2017. That being said, the club believes that it is within the parameters of Financial Fair Play (UEFA must still approve it) and for which, some costs should be excluded such as those relating to the youth sector and infrastructure.

Furthermore, the approval of financial statements of M-I Stadio must also be discussed. They are the company with which Inter, Milan and the city of Milan manage the San Siro. And finally, after the board of directors meeting, we will understand better the faith of Erick Thohir. In fact his presidency expires at the time of approval of the 2018 financial statements and the members will vote for a new president and in this role, Steven Zhang is the favorite. 

Source: Ansa

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