Inter Milan won't announce €90m losses - president Erick Thohir

Inter Milan president Erick Thohir has denied his club are set to announce a €90 million loss for the last year, while laying out plans to modernise the San Siro and make it the Nerazzurri's own stadium.

The Indonesian investor, who was in Milan this month for a series of meetings with Inter's managerial staff, rejected the claims over the club's finances that had appeared in the Italian media, telling Sky: "It's not true.

"I've seen these reports and I don't understand where that figure has come from. It's going to be interesting when the actual figure is announced in a month's time at our board meeting.

"At the moment, our EBITDA, which is the indication of profitability, is turning increasingly positive. Our income has risen by €10m and ticket sales are also excellent. TV revenue is good, but still far from how it is in England. We need to do more to get a greater visibility for the whole of Serie A in Asia and in the United States."

Thohir also said he wants to press ahead with the club's plans to modernise their stadium and become the sole tenants in the near future.

AC Milan have recently shelved plans to build a new stadium in the city, saying they are "in love" with the San Siro.

Thohir, though, hopes that Milan's move away from their shared home will still go ahead, saying he has been "working on a project for the San Siro for the past nine months" and is "ready to invest €150m into the stadium."

"We perceive having the San Siro as our own home," Thohir added. "I don't have any comment for what has happened with Milan, it's just something we've read in the papers. Our management will meet with theirs to understand what they want.

"I respect [Milan's general managers] Barbara [Berlusconi] and [Adriano] Galliani and we want to listen seriously to what they have to say, but then the decision is theirs. We want to have our own home; the fans want their own home and we are serious. We've been serious about it for a year now -- very serious."

Milan and Inter are both tenants at the city-owned San Siro, while both clubs have invested large sums in the venue to bring it up to the standards desired by UEFA for May's Champions League final.

The changes that have already been made -- such as the creation of a new entrance to the field and English-stadium style benches cut into the main stand -- have impressed Milan president Silvio Berlusconi so much that he is now keen on staying there rather than building a new stadium on land the Rossoneri have acquired close to their new headquarters.