On Sunday afternoon, Inter Milan secured the 2020/21 Serie A title, causing large crowds of Nerazzurri fans to gather in front of the Milan Cathedral in celebratory mood.
It is the 19th Scudetto in the clubs history and the first since the treble of 2010, when in the same season, Inter managed to win Serie A, UEFA Champions League and domestic cup Coppa Italia.
Inters victory of the 2020/21 Serie A title also puts an end to Juventuss nine-year dominance in Italian soccer, the longest of any club in Europes top-5 soccer leagues.
Besides being claimed champions of Italy, Inter will enjoy the economic benefits that come with winning the most prestigious trophy at a national level.
According to Calcio e Finanza estimates, the new Serie A champions are entitled to the largest chunk of Italys broadcasting rights, ¬23.4 million precisely.
Inter will also collect the biggest slice of money coming from next years UEFA Champions League market pool, which allocates a total of ¬25 million to the Italian television market. Of these ¬25 million, 40% is set to go to the league champions (¬10 million).
By securing the Serie A title, Inter will therefore pocket ¬33.4 million, to which they will add another ¬15.25 million in starting fee that UEFA grants to all clubs that access the UEFA Champions League group stage.
Even though the Scudetto victory has positive economic implications, Inter, like most clubs in European soccer, are currently facing major financial challenges.
The coronavirus pandemic caused Inters revenue to decrease by 20% over the last year, dropping from ¬364.6 million in 2019 to ¬291.5 million in 2020, according to Deloitte Football Money League 2021.
And while Inter maintain the 14th position in the soccer world for revenue generated, a Bloomberg analysis from last week estimates that the clubs debt currently stands at about ¬500 million. Italian newspaper Il Sole 24 Ore reports that the club is about to finalize negotiations for a ¬250 million loan.
Meanwhile, Inter remain the second-largest spender in Italian soccer behind Juventus.
In this 2020/21 Serie A campaign, their annual wage bill adds up to a net ¬149 million, according to Gazzetta dello Sport estimates, which is a ¬10 million increase from the previous year.
Inters Antonio Conte is Serie As highest-paid manager, collecting a net ¬12 million/year salary. Despite receiving criticism for his pricey salary, Conte has been delivering successful results during his tenure at Inter.
Since his arrival in 2019, he has been able to lead the team to a UEFA Europa League final and clinch a league title, which is the fifth of his managerial career. He had already won three league titles in a row when he was at the helm of Juventus from 2011 and 2014 and one in 2017 as the boss of English Premier League side Chelsea.