Suning Have Invested €478 Million In Inter Over 2 Years

Suning Have Invested €478 Million In Inter Over 2 Years
October 19, 2018 10:30
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Milano based newspaper Gazzetta dello Sport highlight the key figures that were revealed in Italian media outlet Calcio E Finanza’s report regarding Inter’s finances.

The numbers say a lot about the Zhang families commitment to growing Inter: “€474 million have been invested by Suning over two years, so it cannot be said that the Zhang’s are not with Inter for the long haul” the newspaper reports.

This is the figure that will be presented on the balance sheet, for the shareholders meeting on the 26th of October. This huge number is helped by a tranche of loans from said shareholders, which was injected during the 2017/18 season. The initial loan was for €81 million, followed by an additional €12 million and a further €26 million in total €119 million in loans.

Plus the money directly invested by Zhang, the grand total is actually €478 million, but so far 4 million of the loans has been repaid. In short, just under half a  billion euros of investment, signifies an important step towards the growth of Inter on their journey towards being world Football giants once again.

By Luca Corchia
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