Inter financial crisis mounts as owners look for cash injection amid sale talks

La Repubblica report today that Inter’s majority shareholders Suning received yesterday afternoon an offer to sell the club from BC partners, the investment firm with whom negotiations had been ongoing in January.

Nevertheless, Suning – represented at Inter by club president Steven Zhang, son of the retail firm’s owner – is now in negotiations with other investors, having ended exclusive talks with BC last week as a result of the distance between the two parties. The latter has valued the club at €750m, short of the current owners’ valuation.

The offer would have also included a €200m cash injection to deal with the club’s current pressing financial issues, as players’ wages and certain transfer fees become increasingly difficult for the club to pay.

The Financial Times has also reported this afternoon that the group is urgently looking to raise the €200m figure, with the retail group reportedly looking to sustain the club financially through the year. Nevertheless, discussions continue with other potential investors for what could range from a minority stake to a sale of the club, valued at €900m.

Inter’s current financial worries stem from multiple sources, as Suning have large debts in China, while the club itself has recorded losses in the past year as a result of high spending on transfers and losses due to the Covid-19 pandemic.

More European Football News