Inter Milan announced "a jump in revenue" for '15-16 of almost €43M, "despite having no involvement in European competition and in particular the lucrative Champions League participation and prize monies, a core target for the new Chinese owners," according to Paul Nicholson of INSIDE WORLD FOOTBALL. The club reported total revenue, including player trading, of €241.4M -- a 26% rise on the €198.5M the previous year. The Serie A club was majority acquired by China’s Suning Corp. earlier this year and has "put in place a management plan and hired new commercial personnel to drive revenue for one of the biggest and most fabled names in European club football." The improved financial numbers "are important for Inter" which said in a statement that “we forecast the financial year 2016-17 to be in line with our expectations, allowing us to comply with the UEFA Financial Fair Play conditions, thus reaching adjusted break-even.” Inter was "hit with UEFA Financial Fair play sanctions" in May '15 having "spent freely" in the "battle to return to former Italian and European glory." The club said that a capital increase of €142M and subsequent additional funding for a total amount of €180M provided by the new majority shareholder granted new financial resources, "improving the company's capability to finance its business" (INSIDE WORLD FOOTBALL, 10/30).
