Official – IC Markets Suing Inter After Inter Cancel Contract Due To Lack Of Payment

Official – IC Markets Suing Inter After Inter Cancel Contract Due To Lack Of Payment
October 28, 2020 14:20
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IC Markets are suing Inter after the Nerazzurri cancelled the contract with them Inter have confirmed as part of the Financial Results of Inter Media and Communication S.p.A.

In June of this year, Inter reached an agreement with IC Markets, an Australian-based online retail forex and Contract for difference broker trading, for them to become the club’s first ever shirt sleeve sponsor.

Inter have announced that they have cancelled the contract due to IC Markets failure to comply with contractual obligations and will be retaining the €2.5 million that IC Markets already paid to them.

The Nerazzurri club have also confirmed that IC Markets have filed a wrongful termination lawsuit against them and are seeking reimbursement of the money they have already given to the club, plus interest.

The first hearing of this case will be held before the court of Milan on April 14, 2021. In conclusion the club state that they have set aside €2 million in their audited financial statements for this matter.

By Cammy Anderson
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