MILAN – FC Internazionale Milano takes note of the statement from UEFA today: the break-even requirement for 2016-2017 was achieved, the settlement agreement remains in force until June 2019, squad limits of 22 players will remain in place for European competitions, along with the need to maintain a balance with regard to the values of players bought and sold.
UEFA’s Financial Fair Play conditions for FC Internazionale Milano Spa.
- The settlement agreement covers the sporting seasons 2015/16, 2016/17, 2017/18 and 2018/19.
- FC Internazionale Milano (Inter) undertakes to reach full break-even compliance by monitoring period 2018/19 (i.e. reporting periods 2016, 2017 and 2018).
- Inter agrees to report a maximum break-even deficit of €30 million for the financial year ending in 2016 and no break-even deficit for the financial year ending in 2017.
- Inter agrees that for the financial year ending in 2016 and for the financial year ending in 2017 the employee benefits expenses to revenue ratio is restricted and that the amortization and impairment of the costs of acquiring players’ registrations are limited.
- Inter accepts that it will be subject to a limitation on the number of players that it may include on the “A” list for the purposes of participation in UEFA competitions. Specifically, for season 2015/2016, Inter may only register a maximum of 21 players on the “A” list, instead of the potential maximum of 25 as foreseen in the relevant competition regulations, and 22 players for the 2016/17 season. Such restriction will be lifted as from season 2017/18 if the clubs fulfill the operational and financial measures agreed with the UEFA CFCB.
- Inter accepts, for the duration of the settlement agreement, a calculated limitation on the number of new registrations it may include within their “A” List for the purposes of participation in UEFA competitions. This calculation is based on the clubs net transfer position in each respective registration period covered by the agreement. Such restrictions will be lifted as from season 2017/18 if the clubs fulfill the operational and financial measures agreed with the UEFA CFCB.
- Inter agrees to pay a total amount of up to €20 million, which will be withheld from any revenues it earns from participating in UEFA competitions commencing in season 2014/15. Of this amount, €6 million shall be paid in full, irrespective of any early exit from the settlement regime, and will be withheld in three equal installments. Payment of the remaining €14 million is conditional and may be withheld in certain circumstances depending on the Club’s compliance with the operational and financial measures imposed in the settlement agreement.