Inter set to receive an injection of €100m from Suning

Inter president Steven Zhang has reportedly agreed to inject around €100 million into the Italian club to maintain their financial sustainability.

According to the report from La Gazzetta dello Sport, Suning remain committed to backing the Italian club, with the Zhang family now ready to inject around €100 million to make the club financially sustainable for the time being.

The report suggests that Inter are in a difficult situation when it comes to the financial terms. The wayward accounting, worsened by the horrendous consequences of the COVID-19 pandemic, has reduced Suning’s ability to back the Milan-based club as they should have done in a situation where their inter-city rivals AC Milan have appeared to be a title challenger once again. 

In 2021, Suning, per the report, sanctioned a shareholder loan of €75 million, a part of the €275 million borrowed from Oaktree to the Nerazzurri coffers through Great Horizon, the Suning subsidiary. In the league, Inter have struggled in recent weeks, enduring three out of their last five games in Serie A. They currently stand seventh with 12 points from seven games.

GIFN | Jyotirmoy Halder



More European Football News