Inter's Financial Situation

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CorSera: Friction between Milan, Inter and City Council over San Siro rent​

AC Milan and Inter may be set to clash with the council over the amount of rent they have to pay for San Siro after the Covid-19 period.

As reported by il Corriere della Sera, there is some friction about the amount that the two clubs owe to the Milan City Council for the rent of San Siro given the pandemic and the closure of the stadiums plus the loss of revenues the resulted.

Milan and Inter asked for a discount on the rent, and there is actually a section in the agreement signed 20 years ago which provides for it.

Article 5 of the document reads: “(…) the possible use restrictions of the stadium and the activities it has carried out for any reason not attributable to the fault of fact or dealerships which lasted for more than 30 consecutive days will result in a percentage reduction of the annual rent which will be proportional to the reduction in collections compared to those received by the concessionaires in the last contractual year of full use.”

Milan and Inter pay €9.5m each year to the Council but it must be noted the for a large chunk of the 2019-20 season and virtually all of last season fans were not allowed so matchday revenue dropped to practically zero.

The Council are ready to grant lower discounts than those requested by the clubs: 22.737% (just over €2m) for the 2019-20 season and 19.59% (€1,840,369m) for the 2020-21 campaign.
 
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